SNB Keeps Policy Rate at 0%, Ready to Intervene in Forex Market

The Swiss National Bank (SNB) has decided to maintain its policy rate at 0%. The SNB is also willing to intervene in the foreign exchange market as necessary to ensure appropriate monetary conditions.

Inflation has risen further since June, primarily due to higher energy prices. However, medium-term inflationary pressure has increased only slightly. The SNB's monetary policy is considered appropriate for keeping inflation within a stable range and supporting economic development.