IMF says that SNB should keep monetary policy accommodative for now

Comments by the IMF in its report on Switzerland

• Future tightening should be data dependent while also taking into account decisions of other central banks
• Risks to outlook include trade tensions, safe-haven pressures, mortgage market imbalances, uncertainty about corporate tax reform
• Rising international trade tensions could impact Switzerland's externally-oriented economy and more uncertain geopolitics could rekindle safe-haven pressures - sharply appreciating the Swiss franc

Well, the SNB only needs to look towards one central bank for reference/guidance and that's the ECB. With Draghi and co. set to keep rates steady until "at least through the summer of 2019", I would expect a similar approach by the SNB as well.

And with EUR/CHF quite a distance away from 1.20 again now, they surely won't be in any hurry to take a further step forward.