FX.co ★ Swiss Franc Firms Slightly

The Swiss franc advanced to approximately 0.799 per USD, maintaining its position near the highest level since 2011. This follows the Swiss National Bank's decision to keep interest rates steady at 0% for the second consecutive meeting, a move that was widely anticipated. Policymakers noted that recent inflation figures have fallen slightly short of expectations, prompting reduced short-term forecasts, although medium-term projections remain largely unchanged. Additionally, the central bank commented that the economic outlook has seen a slight improvement after a recent agreement to reduce US tariffs on Swiss products.