SZ SNB Press Conference
It's among the primary tools the SNB Governing Board uses to communicate with investors about monetary policy and the economic outlook;
The conference is held when rates are announced in June and December. It's about an hour long and has 2 parts - first the prepared statements are read, then the conference is open to press questions. The questions often lead to unscripted answers that create market volatility;
- History
| Expected Impact / Date | Description |
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| Jun 18, 2026 | |
| Mar 19, 2026 | |
| Dec 11, 2025 | |
| Sep 25, 2025 | |
| Jun 19, 2025 | |
| Mar 20, 2025 | |
| Dec 12, 2024 | |
| Sep 26, 2024 | |
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- SZ SNB Press Conference News
From cnbc.com|Jun 18, 2026The Swiss National Bank said on Thursday it is ready to intervene in foreign exchange markets if a rebound in demand for the safe-haven franc drives the currency higher. It came as the central bank left its main policy rate unchanged at 0%, in a move widely expected by markets, keeping borrowing costs well below those seen in other major economies. In a statement, Martin Schlegel, chairman of the SNB’s Governing Board, said the outbreak of the Middle East conflict on Feb. 28 initially heaped upward pressure on the Swiss franc, as ...
From @financialjuice|Jun 18, 2026SNB's Chairman Schlegel: At the moment it is not necessary to act on interest rate.
From @FirstSquawk|Jun 18, 2026Swiss National Bank's Tschudin: Economic Activity In Switzerland Resilient, With Solid GDP Growth In First Quarter SNB Vice Chairman: Anticipate Inflation Worldwide To Remain Elevated Over Coming Quarters Due To Higher Raw Material Prices
From snb.ch|Jun 18, 2026Ladies and gentlemen On behalf of the Governing Board, it is my pleasure as Chairman to welcome you to the SNB's news conference. After our introductory remarks, we will as usual be pleased to take any questions you may have. Monetary policy decision I will begin with our monetary policy decision. We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold is unchanged at 0.25 percentage points. If necessary, we have an increased willingness to intervene in the foreign exchange market. We thereby counter a rapid and excessive appreciation of the Swiss franc, which would jeopardise price stability in Switzerland. Inflation has risen in recent months as a result of higher energy prices. Medium-term inflationary pressure, however, is virtually unchanged compared with the last monetary policy assessment. Our mo SNB's Chairman Schlegel: Energy prices still determined by war situation. SNB's Chairman Schlegel: If necessary our readiness to intervene in forex market is higher, difficult to say if it is more or less than before.
- From @LiveSquawk|Mar 19, 2026|5 comments
SNB Chairman Schlegel: Sees Increased Likelihood For Negative Rates Just in | SNB Chairman Schlegel announces heightened readiness to intervene in forex markets to curb swift appreciation of the Swiss Franc. SNB's Chairman Schlegel: Our mandate is clear, it is price stability - to achieve this, we have forex interventions and interest rate, and are ready to use both tools
From snb.ch|Mar 19, 2026We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold still stands at 0.25 percentage points. Given the conflict in the Middle East, our willingness to intervene in the foreign exchange market has increased. We thereby counter a rapid and excessive appreciation of the Swiss franc, which would jeopardise price stability in Switzerland. Our conditional inflation ...
From snb.ch|Dec 11, 2025On behalf of the Governing Board, it is my pleasure as Chairman to welcome you to the SNB's news conference. After our introductory remarks, we will as usual be pleased to take any questions you may have. Monetary policy decision I will begin with our monetary policy decision. We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold still stands at 0.25 percentage points. We remain willing to be active in the foreign exchange market as necessary. Inflation in recent months has been slightly lower than expected. In the medium term, however, inflationary pressure is virtually unchanged compared to the last monetary policy assessment. Our monetary policy helps to keep inflation within the range consistent with price stability and supports economic development. We will continue to monitor the situation and adjust our monetary policy if necessary, in order to ensure price stability. Inflation forecastWe have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold still stands at 0.25 percentage points. We remain willing to be active in the foreign exchange market as necessary. Inflation in recent months has been slightly lower than expected. In the medium term, however, inflationary pressure is virtually unchanged compared to the last monetary policy assessment. Our monetary policy helps to keep inflation within the range consistent with price stability and supports economic development. We will continue to monitor the situation and adjust our monetary policy if necessary, in order to ensure price stability. SNB’s Tschudin: Swiss Economic Outlook Slightly Improved Due To Lower US Tariffs - Main Risk For Swiss Economy Is Development Of Global Economy SNB's Chairman Schlegel: Willing to introduce snb negative rates in needed.
From swissmacroandhistory.substack.com|Dec 9, 2025With no economist in a recent Bloomberg survey expecting a rate cut, and markets putting less than a 10% chance on one, the SNB’s 11 December meeting looks like a done deal. It is easy to see why. Chairman Schlegel has repeatedly emphasised that the SNB’s focus is not on the current rate of inflation but on price stability over the medium term. The fact that inflation has fallen from 0.2% in August and September to 0% in November — and thus remains compatible with the SNB’s 0–2% definition of price stability — does not by itself ...
| Released on Jun 18, 2026 |
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| Released on Mar 19, 2026 |
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| Released on Dec 11, 2025 |
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