SNB Keeps Rates Unchanged, Markets React Positively

The Swiss National Bank (SNB) surprised markets by keeping its interest rate decision at 0.00%, despite expectations of a decrease to 0%. The SNB stated that it is willing to be active in the foreign exchange market as necessary to ensure appropriate monetary conditions, a slight change from its previous stance of increased willingness.

As a result, the EUR/CHF pair rose by +0.6%, with markets reacting positively to the SNB's decision.