The Swiss National Bank looks set to steer clear of negative interest rate territory, even as inflation continues its downward trend. Despite cooling price pressures, policymakers appear committed to keeping rates in positive ground—a stance that could ripple through global markets. This decision reflects a careful balancing act: acknowledging disinflation without sacrificing monetary credibility. For risk assets and digital currencies, SNB's rate trajectory matters more than many realize. Lower rates elsewhere typically fuel liquidity hunts, but Switzerland's divergence might signal a broader shift in how central banks navigate the post-inflation era. Worth monitoring how this plays out against Fed and ECB moves.