LONDON, Sept 25 - The Swiss National Bank is done with interest rate hikes, according to the vast majority of economists polled by Reuters, despite mooting the prospect of further increases last week when it surprised markets by leaving borrowing costs unchanged.
"The SNB's decision to keep rates unchanged at 1.75% was a big surprise, although it left the door open for further hikes. We do not expect any further increases in the policy rate as we expect inflation to fall next year," said Adrian Prettejohn at Capital Economics. After last week's meeting, SNB Chairman Thomas Jordan kept the door ajar for further hikes, saying"there is still an existing inflationary pressure, and we do not exactly know whether this inflationary pressure will increase again."