SNB Held Off on Negative Rates Despite Weakening Inflation, CHF Higher.As expected, the Swiss National Bank (SNB) kept interest rates on hold during their December meeting, reiterating that the bar is higher for further easing. Here's how CHF reacted.
SNB holds at 0.00%, medium term inflation outlook virtually unchanged..SNB left its policy rate unchanged at 0.00%, as widely expected, and reiterated its readiness to intervene in foreign exchange markets if necessary. The hold reflects the bank's assessment that current conditions do not justify a shift, even as inflation undershot expectations.