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Swiss Bank Keeps 0% Rate as Inflation Stays 0.6%

6/16/2026

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Story summary
  • The Swiss National Bank kept its policy rate at 0% on June 18, 2026 and will hold it through year-end.
  • Swiss inflation was 0.6% in May, staying inside the SNB’s 0%-2% target band.
  • All 35 poll economists expected a 0% rate this week, with 28 forecasting no change through 2026.
  • Four economists saw one or two hikes in 2027, while the franc’s 1.2% gain versus the euro offsets pressure.