0812 GMT - The Swiss National Bank announces a decision at 0830 GMT, where focus will center on comments regarding potential intervention in the Swiss franc, given the currency's recent strength, Commerzbank's Michael Pfister says in a note. The SNB is expected to hold rates at 0% amid uncertainty over the Middle East war. "[We] strongly assume that the SNB is currently more concerned about the strong franc than about potential inflation risks," Pfister says. Questions on Thursday will revolve around "whether the SNB will intervene more heavily in the foreign-exchange market in the coming months." However, the SNB could refrain from "clear statements," he says. The euro last trades at 0.9070 francs, having hit a multiyear low of 0.8979 francs on March 9. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 04:12 ET (08:12 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.

