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  • The conflict in the Middle East pits energy prices and the CHF in a tug of war over Swiss imported inflation.
  • A prolonged conflict would push headline CPI  to the middle of the SNB’s inflation target range this year.  
  • The SNB will leave interest rates unchanged on Thursday, and also throughout 2026.

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Keywords for: 17 March 2026 Eurozone Monitor SNB will stand pat, whether energy prices rise fu

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