Switzerland-related developments this period shifted to monetary policy, unrelated to the previous financial regulation topic. The Swiss National Bank held its benchmark interest rate at 0% for the fifth consecutive quarter and raised its inflation forecast. The central bank also removed language expressing an "enhanced" willingness to intervene to weaken the franc, acknowledging the currency has depreciated significantly.
- The Swiss National Bank held its benchmark interest rate at 0% for the fifth consecutive quarter.
- The central bank raised its short-term inflation forecast, citing higher oil prices and a weaker franc.
- The policy statement removed the "enhanced" willingness to sell foreign currency to weaken the franc, noting the franc has fallen below pre-Middle East conflict levels.
- The SNB warned that Middle East tensions are the main risk to Switzerland's economy and reiterated readiness to intervene in FX markets.

