SNB only seen raising rates in Q3 2019 - survey

According to the most recent Bloomberg survey of economists

That's similar to what was seen last month here - where they moved forward the expectations from Q4 2019 to Q3 2019. Other forecasts show that they expect the Swiss economy to expand by 2.1% in 2018 - unchanged from previous survey, and also for inflation to nudge higher in Q3 to 1.1% - previous survey had it at 0.8%.

The upward bump in inflation is likely after the fact that Swiss inflation figures for May touched the 1.0% level for the first time since 2011.

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