According to informed sources, the Swiss National Bank plans to maintain its key interest rate at zero until the end of 2027, after which a rate hike may be considered. This view is mainly based on current inflation forecasts and assumes that no significant new shocks occur. They noted that the recent weakening of the Swiss franc against the euro, as well as the interest rate differential between Switzerland and the eurozone, are also factors influencing this expectation. The sources stated tha

According to people familiar with the matter, the Swiss National Bank plans to keep its key interest rate at zero until the end of 2027, after which it may begin to raise rates. This view is mainly based on current inflation forecasts and assumes that no major new shocks will occur. They pointed out that the recent weakening of the Swiss franc against the euro and the interest rate differential between Switzerland and the eurozone are also factors influencing this expectation. The sources said that if the economic outlook faces a new shock, implementing negative interest rates remains an alternative, but they emphasized that this is not the baseline scenario currently expected. They added that the zero interest rate level has not caused serious damage to the profitability of the Swiss banking sector. At its June meeting, the Swiss National Bank kept interest rates unchanged and is expected to maintain rates at this level until the end of next year.