The Swiss National Bank keeps interest rates at 0% as inflation holds within the target range, while signaling readiness to intervene in currency markets to support economic stability.
The SNB kept its policy rate at 0% on 24 September 2026, with inflation at 0.8% in August, within the price stability range. The franc has weakened, which supports inflation, but the SNB is ready to intervene in FX markets. These factors leave the near-term outlook for the Swiss franc balanced, with no clear directional catalyst.
The Swiss National Bank maintained its policy rate at 0% on September 24, 2026, citing inflation at 0.8% and stable economic conditions. While the central bank noted a slight uptick in inflationary pressure due to energy costs and a weaker franc, it remains committed to intervening in foreign exchange markets to ensure appropriate monetary conditions.
The SNB kept rates unchanged because current inflation levels of 0.8% remain within the bank's defined range for price stability, and the current policy is deemed appropriate to support economic development.