SNB Keeps Rates Steady at 0% as Inflation Softens

The Swiss National Bank (SNB) has decided to keep its policy rate unchanged at 0%, to maintain price stability and support the country's economic development. This decision comes as inflation in Switzerland has eased slightly, dropping to 0.0% in November from 0.2% in August, led by lower prices in sectors such as hotel industry, rents, and clothing. Despite global economic uncertainties, including U.S. tariffs and trade policy uncertainty, the SNB remains optimistic about Switzerland's economic outlook, forecasting GDP growth of just under 1.5% for 2025 and around 1% for 2026. The SNB's inflation forecast for the coming years is 0.2% for 2025, 0.3% for 2026, and 0.6% for 2027, assuming the policy rate remains at 0%.