SNB Keeps Up Franc Intervention Threat With Rate at Zero (opens original article in a new tab)

The Swiss National Bank kept its interest rate at zero and maintained its readiness to intervene in the foreign exchange market to prevent a strong franc, citing concerns over geopolitical risks and price stability.

• Swiss National Bank (SNB) maintained its zero interest rate and kept its option to intervene in the foreign exchange market to prevent rapid franc appreciation.
• The SNB expressed concern about potential geopolitical tensions and the impact of a strong franc on price stability, despite recent stability in inflation.
• Inflation in Switzerland is expected to remain low, with forecasts adjusted slightly upward but still within the central bank's target range.