The Swiss franc strengthened against other major currencies in the European session on Thursday, after the Swiss National Bank left its interest rate unchanged for the second straight meeting amid weaker inflation outlooks.
The SNB maintained its policy rate at zero percent, in line with expectations.
The central bank had reduced the key rate by 175 basis points since March 2024. The bank exited its negative rate in 2022 after holding it for over seven years.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.