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SocGen Sees Swiss Central Bank on Hold This Week

BY MT Newswires | ECONOMIC | 09/22/25 09:50 AM EDT

09:50 AM EDT, 09/22/2025 (MT Newswires) -- The Swiss central bank (SNB) is forecast to keep rates at 0% on Thursday, said Societe Generale.

EUR/CHF trades largely flat since May, but the action is concentrated in USD/CHF after the pair sank below 0.79 last week, down 15% since February and the lowest level since 2015, wrote the bank in a note to clients.

Barring currency intervention -- unlikely -- the bar is high for a sustainable turnaround, stated SocGen.

Only two of the 21 economists in the Bloomberg survey forecast a return to negative rates on Thursday -- down from 7 last month, pointed out the bank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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