Franc: No Going Back. Forecast as of 05.12.2025

Switzerland's economy is hovering on the edge of deflation, pushing the SNB toward negative rates. The bank abandoned negative rates in 2022, but it may have to return to them. How could this affect the franc? Let's explore this and make a trading plan for EUR/CHF.Major Takeaways Reuters experts rank the franc among the underperformers. Faster eurozone growth is positive for EUR/CHF. Deflation risks are making Switzerland nervous. An SNB rate cut is a reason to buy EUR/CHF, targeting 0.94 and 0.