SNB's Chairman Schlegel says Swiss inflationary pressure has barely changed; central bank expects growth around 1% in 2026

• Believe inflation will rise in the next few months.
• Possible there will be a few months with negative inflation, but that's not an alarm signal as we look at inflation over the mid-term.
• SNB ready to intervene on currency markets where necessary.

The comments from SNB Chairman Schlegel indicate a cautiously optimistic view on inflation, signaling minimal immediate change in inflationary pressures while anticipating a slight uptick in the coming months. This suggests a steady policy stance from the SNB, although preparedness for market intervention highlights an underlying concern about currency stability. Traders should consider the implications for Swiss asset pricing, particularly if growth forecasts reflect shifting sentiment towards global economic conditions.