Swiss National Bank Holds Interest Rate at 0% Amid Strong Economic Growth

Switzerland's monetary policy is expected to remain accommodative in the coming quarters, according to ING economist Charlotte de Montpellier. The Swiss National Bank (SNB) is anticipated to keep its policy rate at 0% next Thursday and beyond, despite stronger GDP growth.

The SNB's stance on maintaining a low interest rate supports the strong Swiss Franc, which has surprised economists with its recent slight weakening. This change in economic momentum does not yet pose an inflation threat, allowing the SNB to continue its accommodative policy.

ING forecasts Switzerland's GDP growth to average 1.9% in 2026 and 1.6% in 2027, reflecting a solid first half performance and favorable international demand.