Swiss Franc Remains Firm

2026-01-08 09:43 By Luisa Carvalho 1 min. read

The Swiss franc traded around 0.80 per USD, remaining close to its highest level since 2011, largely supported by safe-haven demand against ongoing geopolitical concerns.

Meanwhile, the latest inflation data eased pressure on the Swiss National Bank (SNB) to push rates below zero.

Swiss CPI was flat month-on-month in December, defying expectations of a 0.1% decline and following a 0.2% drop in November.

Yearly, the CPI rose 0.1%, in line with forecasts, after November’s flat reading, suggesting that fourth-quarter inflation will align with the SNB’s 0.1% projection.

The central bank held its key rate at 0% for the second consecutive meeting in December, following six consecutive quarterly cuts, citing improved economic prospects after the agreement to reduce US tariffs.

Minutes from the December meeting indicated the central bank sees the option to maintain rates at 0% as appropriate, expecting the currently low inflation to rise and remain within its 0–2% target range.



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