Regulatory Alerts2026-06-18
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Monetary policy assessment of 18 June 2026
The Swiss National Bank maintains its policy rate at 0% to counter rapid franc appreciation and safeguard price stability amid rising energy-driven inflation. The central bank forecasts average annual inflation of 0.6% for 2026 and 2027, with global growth expected to moderate in the short term before recovering. While Swiss economic activity remains resilient, the SNB highlights significant risks from Middle East tensions and US trade policy uncertainty that could impact both inflation and growth.
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