Security

CHF Research & Market Analysis

Finvaulta tracks 6 research reports on CHF, updated through September 24, 2026. Latest: SNB Holds Policy Rate at 0.0%, Moves to Symmetric Intervention Language.

Institutional research on CHF covering foreign exchange, government bonds, macro, and derivatives, from Goldman Sachs, HSBC, ING, and J.P. Morgan. Finvaulta indexes each report with a summary, key figures and its original publication date.

Finvaulta is an independent research collection; views and forecasts belong to the named report issuers.

Latest research

SNB Holds Policy Rate at 0.0%, Moves to Symmetric Intervention Language

Goldman Sachs·Sep 24, 2026

The Swiss National Bank held its policy rate at 0.0% for the sixth consecutive meeting and updated its FX intervention framework to symmetric language. Goldman Sachs expects the SNB to remain on hold, though risks are tilted toward a December rate hike if energy price pressures persist.

FX Positioning Monitor: JPY, NZD Flows Surge

J.P. Morgan·Sep 4, 2026

J.P. Morgan reports that USD/JPY put demand surged to +4.2-sigma this week following policy speculation, bringing aggregate JPY positioning back to neutral and limiting spillover risks to broader carry trades. Meanwhile, aggressive post-RBNZ selling has driven NZD options downside to multi-year extremes, leaving room for NZD shorts to expand.

SNB Rate Decision

HSBC·Jun 18, 2026

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.

Benign Inflation Keeps Swiss National Bank On Hold

ING·Jun 18, 2026

The Swiss National Bank kept its policy rate at 0%, citing benign inflation levels within its 0-2% target range. The bank maintains a conditional readiness to intervene in FX markets only to prevent excessive Swiss franc appreciation.

Swiss Economy

UBS·Jun 11, 2026

UBS expects the Swiss National Bank to maintain a 0% policy rate at least until March 2027 due to muted inflation and below-trend economic growth. Upward pressure on the Swiss franc is expected to moderate as the European Central Bank tightens policy.

Switzerland May Inflation Update

Goldman Sachs·Jun 4, 2026

Switzerland's May inflation held steady at 0.6% yoy, slightly missing expectations, while core inflation remained low at 0.3%. Goldman Sachs expects the SNB to maintain its 0% policy rate as currency appreciation helps offset energy price shocks.