Swiss Bankers Expect SNB Rates on Hold

Swiss bankers expect the central bank to maintain its key interest rate at zero through this year. A majority anticipate rates will stay unchanged into next year while some forecast a hike.

A drone view shows the Swiss National Bank headquarters building near Lake Zurich, Switzerland, May 24, 2026. REUTERS/Denis Balibouse

Switzerland bankers expect the Swiss National Bank to keep its key interest rate at 0% through 2027. The survey results show persistent expectations of ultra-loose monetary policy in Switzerland. Markets currently price in a 97% probability of no change at the upcoming monetary policy update.

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