Swiss bankers expect SNB to maintain zero policy rate through to next year
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The survey showed that all the Swiss bankers surveyed are expecting the SNB to keep its policy rate at 0% for the rest of this year. And looking to 2027, 60% are expecting that to still be the case through the whole of next year. The remaining respondents on the other side of tha
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4 itemsSNB leaves policy rate unchanged at 0% in September meeting, as widely expected
Benign inflation keeps Swiss National Bank on hold
Despite prevailing benign inflationary trends, the Swiss National Bank (SNB) has opted to maintain its policy rate at 0%, reflecting a cautious yet stable monetary stance. As highlighted in the analysis, inflation in Switzerland remains comfortably within the SNB's target range of 0–2%, with recent data showing only a 0.6% year-on-year increase in May. The desk interprets this as an indication that the SNB has no immediate justification for altering its policy stance, a sentiment echoed by the source commentary [source]. This aligns with broader consensus views that foresee minimal shifts in policy in the coming quarters, with no significant market events expected to disrupt the current equilibrium.
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