Economists predict no return to negative interest rates in 2026 for Switzerland, citing a strong franc and stable domestic inflation with solid wage growth. The Swiss National Bank likely to keep key rate at 0% in December. Lower inflation due to falling prices may influence policy decisions. SNB expected to maintain current policy stance. Inflation data shows structural divide between imported and domestic inflation in Switzerland. Strong franc affects imported goods pricing, while wages and services remain crucial for SNB. Solid wage growth expected to prevent deflationary risks in the medium term. Expansionary policy showing effectiveness with credit growth, real estate prices on the rise in Switzerland. SNB may intervene in forex market if necessary, but unlikely to resort to negative rates. Export sector adapting well to exchange rate levels. Low mortgage rates supporting Swiss property market. SARON mortgages benefit from low money market rates, while fixed-rate mortgages offer attractive options for long-term buyers.

Read more at Morningstar: Will the Swiss National Bank Cut Interest Rates in December?