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SNB Could Let Franc Appreciate to Rein in Energy Price Pressures -- Market Talk

Dow Jones03-19 20:54

1254 GMT - Switzerland's central bank might consider allowing the Swiss franc to appreciate further in the near-term, as this would help to cool price pressures amid rising energy prices, Pantheon Macroeconomics economist Ankita Amajuri says. The Swiss National Bank held its key rate at 0% for a third consecutive quarterly meeting on Thursday, and reiterated its message earlier this month that it's willing to intervene in foreign-exchange markets to limit a rapid appreciation of the franc. "As such, we expect the Bank to leave rates unchanged throughout 2026," Amajuri says in a note. The next SNB move is most likely a rate hike in early 2027, when inflation comes closer to the middle of its 0%-2% target band, she says. (edward.frankl@wsj.com)

 

(END) Dow Jones Newswires

March 19, 2026 08:54 ET (12:54 GMT)

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