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Swiss National Bank Maintains Zero Interest Rate Policy

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The Swiss National Bank (SNBN.SW) on Thursday held its policy rate at 0%, noting that recent price growth came in as expected while inflationary pressure over the medium term remains "virtually unchanged."

The decision aligns with market forecasts.

In line with expectations, Switzerland's annual inflation rate trended upward since the previous monetary policy assessment in March, rising to 0.6% in May from 0.1% in February.

Amid rising energy prices, the SNB increased its conditional inflation estimate for 2026 to 0.6% from 0.5%. Meanwhile, inflation in 2027 is now projected at 0.6%, against the prior 0.5%.

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