The Swiss National Bank has kept its key interest rate at 0% for the fourth time in a row.
The decision was widely expected, but the bank warned it is now more prepared to intervene in currency markets to counter a rapid rise in the franc — which has been climbing as investors flee geopolitical tensions to the safe haven.
Inflation in Switzerland has edged up from 0.1% in February to 0.6% in May, driven mainly by energy prices linked to the conflict in the Middle East.
The bank now expects inflation to hover around 0.6% through next year, slightly higher than its previous forecast.
Politician on trial accused of rape and drug assault
Swiss People's Party says EU treaty helps crime
Waterways dry
Jim's British Market changes hands
Storms possible at end of week
Penthouse flats lose appeal
