Neutral
EUR/CHF rises to 0.9462 as SNB maintains rates and softens intervention stance.
Over the past 24 hours, EUR/CHF has remained relatively stable, trading around 0.9462. The Swiss National Bank (SNB) held its policy rate at 0.0% and slightly adjusted its foreign exchange intervention language, indicating a more passive approach. Inflation forecasts are modest, with average annual inflation projected at 0.7% for 2026, 0.8% for 2027, and 0.8% for 2028. Additionally, the rate differential between the Eurozone and Switzerland is expected to widen by another 25 basis points in the next three months.
Key points
- SNB maintains policy rate at 0.0% and adopts a more passive intervention stance.
- Inflation forecasts remain modest, with average annual inflation projected at 0.7% for 2026.
- Rate differential between Eurozone and Switzerland expected to widen by 25 basis points in the next three months.
Sources
AI-generated from public news sources. Not financial advice.
