Swiss National Bank holds rates as expected, sees inflation largely contained - The Edge Malaysia

BERN (Sept 24): The Swiss National Bank kept its benchmark interest rate on hold on Thursday, resisting pressure to counter rising inflation caused by war in the Middle East which has seen other central banks hike borrowing costs. The SNB kept its policy rate at 0%, as forecast by all economists polled by Reuters , as well as markets. "Medium-term inflationary pressure has increased only slightly. Monetary policy is appropriate to keep inflation within the range consistent with price stability and supports economic development," the SNB said in a statement. The SNB said inflation would likely climb somewhat higher in the fourth quarter, before declining again in the course of 2027 as a recent spike in energy price pressures eased.