{"id":437201,"date":"2026-08-31T16:00:25","date_gmt":"2026-08-31T09:00:25","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/swiss-bankers-expect-snb-to-maintain-zero-policy-rate-through-to-next-year-437201\/"},"modified":"2026-08-31T16:00:25","modified_gmt":"2026-08-31T09:00:25","slug":"swiss-bankers-expect-snb-to-maintain-zero-policy-rate-through-to-next-year","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/swiss-bankers-expect-snb-to-maintain-zero-policy-rate-through-to-next-year-437201\/","title":{"rendered":"Swiss bankers expect SNB to maintain zero policy rate through to next year"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The survey showed that all the Swiss bankers surveyed are expecting the SNB to keep its policy rate at 0% for the rest of this year. And looking to 2027, 60% are expecting that to still be the case through the whole of next year.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The remaining respondents on the other side of that balance are expecting the SNB to start hiking interest rates in 2027 instead. All but one respondent expect a push up in the policy rate to 0.25%, with the single outlier response being for a move to 0.50% by the end of next year.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The directional balance is quite an interesting one I would say. Despite inflation pressures growing across the globe, Switzerland is one that hasn&#8217;t followed suit for the most part. Even the latest inflation numbers <a href=\"https:\/\/investinglive.com\/news\/swiss-inflation-holds-steady-in-july-as-threat-of-deflation-remains\/\" rel=\"follow\">here<\/a> continue to reflect more deflationary risks rather than inflationary risks.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">For now, policymakers can take heart in the fact that inflation isn&#8217;t crossing over towards the zero mark or negative territory just yet. And that is also likely due to the US-Iran conflict helping to prop up price pressures globally. Without that spillover impact, it might be a whole different conversation for Switzerland this year.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The SNB already got a get-out-of-jail-free card from the Covid pandemic but they failed to capitalise on that. I fear it is going to be just a matter of time before we revisit the deflation conversation and the idea of unconventional monetary policy setting again i.e. NIRP and\/or QE. Call me skeptical but I still feel the balance of risks are tilted to the downside for Switzerland in the big picture, amid a less obvious upside spillover compared to everywhere else.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The survey showed that all the Swiss bankers surveyed are expecting the SNB to keep its policy rate at 0% for the rest of this year. And looking to 2027, 60% are&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437201","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437201"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437201\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}