SNB Keeps Rates at 0%, Maintains Franc Intervention Threat as Iran War Risks Persist
Updated
Updated · Bloomberg · Jun 18
SNB Keeps Rates at 0%, Maintains Franc Intervention Threat as Iran War Risks Persist
2 articles · Updated · Bloomberg · Jun 18
Summary
The Swiss National Bank left borrowing costs at 0% and repeated its “increased” willingness to intervene in the franc market.
That stance is aimed at shielding Switzerland from renewed geopolitical turmoil, with policymakers still citing fallout from the Iran war.
President Martin Schlegel and colleagues kept the intervention language unchanged even after expectations that the bank might revisit its franc rhetoric this week.
The decision signals the SNB still sees haven-driven franc strength as a risk if Middle East tensions flare again.