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Swiss National Bank keeps policy rate at zero

ReutersMar 19, 2026 8:30 AM

By John Revill

- The Swiss National Bank kept its policy rate on hold on Thursday in the face of a surge in the value of the Swiss franc driven by the Iran war, which also led to a spike in global oil prices, blurring the inflation outlook.

The SNB maintained its policy rate at 0%, the lowest among major central banks, as expected by a wide majority of analysts polled by Reuters.

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