We are keeping interest rates low, so that inflation remains in range of price stability (target range 0-2%)Our interest rates are where they should beWhether the Franc is correctly valued, overvalued or not is not decisive for our monetary policyWhat is important is how the exchange rate changes and its effect on inflationWe are not in situation where we would like to see lower inflationThe inflation forecast is where we want it (0.4% on average for Q4 2025)FX interventions are possibleThis is a pushback against negative rates speculations after yesterday’s soft Swiss CPI report. We’ve already heard many times the SNB members pushing back on negative rates as the bar for going back into NIRP (negative interest rate policy) remains very high.
This article was written by Giuseppe Dellamotta at investinglive.com.
đź’ˇ DMK Insight
With ETH at $3,501.16, low interest rates are keeping crypto markets buoyant, but traders need to watch for volatility as inflation concerns linger. The current monetary policy aims to maintain inflation within a target range of 0-2%, which could influence investor sentiment in the crypto space. Low rates typically support risk assets like Ethereum, but if inflation starts to creep up, we could see a shift in the market. Traders should be cautious about potential corrections, especially if ETH approaches key resistance levels. If ETH breaks above $3,600, it could trigger further buying, but a drop below $3,400 may signal a bearish trend. It’s also worth noting that the broader forex market could react to any changes in the Franc’s valuation, impacting cross-asset correlations. Keep an eye on economic indicators that could affect interest rates, as these will likely ripple through to crypto markets. The next few weeks could be pivotal, especially with inflation data on the horizon.
đź“® Takeaway
Watch for ETH to break $3,600 for bullish momentum, but be cautious of a drop below $3,400 as a potential bearish signal.






