The Swiss National Bank (SNB) decided on the 24th to hold its key policy rate at 0%. The decision marks the fifth consecutive meeting of unchanged rates, matching market expectations. With the Swiss franc weakening against major currencies in recent weeks, the central bank signaled its readiness to act in foreign exchange markets as needed, though it stepped back from its previous language expressing "increased willingness to intervene." In its statement, the SNB noted that inflation has accelerated since June, driven primarily by higher energy prices. "Medium-term inflationary pressure remains modest.
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