1559 GMT - The Swiss National Bank is expected to hold its key rate at zero both at this week's meeting and into next year, given the central bank's high bar to negative rates and inflation remaining firmly within the 0%-2% target, BNP Paribas economist Dani Stoilova says. Switzerland's economy is less exposed to the energy-price shock from the Iran war than European peers due to its energy mix and regulated electricity prices, with inflation likely to stabilize at around 0.5% both this year and 2027, she says in a note. The SNB's meeting guidance could instead emphasize increased willingness to intervene in foreign-exchange markets given the conflict, the accommodative stance of current monetary policy, and unchanged nature of medium-term price pressures in the bank's projections, she adds. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 11:59 ET (15:59 GMT)

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