All 35 economists surveyed expect the Swiss National Bank to maintain its 0% policy rate this week and through year-end 2026.
A Reuters poll of 35 economists shows unanimous expectations for the Swiss National Bank to keep its policy rate at 0% at its June 18 meeting. The survey, conducted June 11-15, also reveals that 28 economists forecast rates will remain at 0% through the end of 2026.
The SNB’s current stance aligns with its price stability mandate, targeting annual Swiss Consumer Price Index (CPI) growth below 2%. Only four economists in the poll anticipate one or two quarter-point hikes in 2027, reflecting a cautious outlook on inflation and economic conditions.
The SNB’s policy rate influences the Swiss Franc (CHF), with higher rates typically supporting the currency by attracting investors. Lower rates, conversely, tend to weaken CHF, though the bank has historically intervened to prevent excessive appreciation.