The SNB meet today, with a unanimous expectation it'll be a no change event

This via Nomura (bolding mine) covers the major points:

  • The ECB's new forward guidance on rates means that the SNB is unlikely to move policy any time soon, with 2020 the most likely timing, in our opinion.
  • Near-term CPI forecasts could be revised higher, but the recent market developments on balance could see a softer growth outlook and revisions lower in the long term.
  • ECB dovishness, Italian politics and a softening in global growth indicators would advise caution from the SNB.
  • The commitment to the two pillars of low interest rates and the willingness to intervene in the FX market should remain.
  • Given the SNB will be one of the last movers in normalising monetary policy, the risk-reward remains to trade EUR/CHF to the topside unless a broad-based market risk-off materialises again.

I posted this earlier: