Katie Macro: The Swiss National Bank will keep interest rates unchanged as it shows confidence in inflation.

Harry Chambers from Capital Economics stated that after the Swiss National Bank decided to keep its policy interest rates unchanged, the central bank may maintain rates at current levels in the coming years. In a report, he said, "Their comments suggest that the central bank believes that the current monetary policy settings will keep inflation within target range while supporting economic growth." He added that the central bank's inflation forecasts have slightly increased but still remain well below those of the Eurozone, sending a clear signal that Swiss policymakers believe there is no need to raise interest rates.