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Swiss National Bank leaves SNB policy rate unchanged at 0%
The Swiss National Bank is leaving 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, the SNB has an increased willingness to intervene in the foreign exchange market. The SNB thereby counters 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 ... (full story)
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— Christophe Barraud
*#SNB LEAVES POLICY RATE AT 0%; EST. 0% - BBG
*SNB SAYS PREPARED TO INTERVENE IN CURRENCY MARKETS IF NEEDED
*SNB HAS AN INCREASED WILLINGNESS TO INTERVENE IN FX MARKETS
*SNB SEES 2026 GDP GROWTH ABOUT 1%
*SNB SEES 2027 GDP GROWTH ABOUT 1.5%
*SNB SEES 2026 INFLATION AT 0.6%;…
(@C_Barraud) June 18, 2026
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From snb.ch|4 hr agoLadies 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.
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- Jun 18, 2:33am | 4 hr ago Posted by
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