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Swiss Franc Unmoved as SNB Holds Rates, Says More Willing to Intervene -- Market Talk

Dow Jones03-19 17:09

0853 GMT - The Swiss franc is little moved, remaining slightly higher on the day versus the euro, after the Swiss National Bank left interest rates on hold at 0%. Notably, it said its willingness to intervene in the foreign exchange market has increased given the conflict in the Middle East. "The SNB thereby counters a rapid and excessive appreciation of the Swiss franc, which would jeopardise price stability in Switzerland," it said. The inflation forecast for the coming quarters is higher than in December due to rising energy prices but slightly lower in the medium term due to the stronger franc, the SNB said. The euro is last down 0.1% at 0.9076 francs. It hit a multiyear low of 0.8979 francs on March 9. (jessica.fleetham@wsj.com)

 

(END) Dow Jones Newswires

March 19, 2026 05:09 ET (09:09 GMT)

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