According to Jinshi, Elias Haddad, senior market strategist at Brown Brothers Harriman, expects the Swiss National Bank to cut interest rates by 25 basis points, which may weigh on the Swiss franc. Switzerland's inflation rate remains well below 2%, in line with the Swiss National Bank's forecast in March. The Swiss National Bank is not expected to make substantial revisions to its new inflation forecast, partly due to the recent recovery of the Swiss franc's trade-weighted exchange rate.