The Swiss National Bank kept its policy rate at 0.00% in June 2026, citing inflation expectations that remain within its target range. HSBC economists maintain their view of stable rates through 2027.
Key Takeaways
- 1.The Swiss National Bank (SNB) kept its policy rate at 0.00%, maintaining the status quo as expected.
- 2.SNB communication indicates continued willingness to intervene in FX markets if necessary.
- 3.HSBC expects the SNB policy rate to remain stable at 0% through 2026 and 2027.
Table of Contents
- Facts
- Economics
- Switzerland
- Implications
- Disclosure appendix
- Analyst certification
- Additional disclosures
- Disclaimer
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Authors
Chantana Sam
Securities
CHF
Themes
Monetary PolicyInflationFX Intervention
Regions
EuropeSwitzerland