Swiss National Bank keeps its key interest rate at 0%
According to CNBC Economy, Switzerland's central bank kept its key interest rate at 0% on Thursday, diverging from the tightening cycles seen in most major peers. Traders see a roughly 50-50 chance of a rate hike by December and more than a 90% chance of a hike by early 2027, while inflation remains low at 0.8% in August and the Swiss franc’s safe-haven status pressures imports lower.
Key facts
- 01SNB kept its key interest rate at 0%.
- 02Switzerland's August inflation rate rose to 0.8%.
- 03Traders price a 0.75% or higher rate by next September.
- 04Odds of a rate hike by December are close to 50-50, with over 90% chance of a hike by early 2027.
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