The Swiss National Bank meet on Thursday 15 March, announcement at 0830 GMT

Expectations of any change in policy from the Bank are very low indeed, for pretty much all of 2018

But, says UBS ...

  • The SNB is expected to hold rates at -0.75%.
  • UBS economics expects the SNB's first hike to come in December 2018, assuming ECB tapering and further CHF weakness.

And, on the currency:

  • We are targeting EUR/CHF at 1.22 for end 2018 as the European backdrop remains solid and broad political risks continue to ease

Scotiabank on the SNB meeting too:

No policy rate change is expected by the Swiss National Bank on Thursday morning

  • or this year

With CPI inflation running at just ½% y/y and the ECB policy rate on hold for an extended period, the SNB faces no immediate pressure to alter policy.