According to a survey by the Swiss Bankers Association, Swiss banking officials expect the Swiss National Bank (central bank) to keep its policy rate unchanged from this year through 2027. All respondents expect the SNB to hold the policy rate at 0% until the end of 2026, and 60% expect it to remain unchanged in 2027 as well. 40% anticipate a rate hike during 2027, with most expecting an increase to 0.25%. The SNB will announce its next monetary policy decision on September 24. The market-implied probability of a rate hold stands at 97%.
SNB expected to hold rates at 0% through 2027, weakening CHF relative to USD if Fed maintains higher rates.
