Swiss National Bank Holds Rate at 0 Percent and Eyes FX
The SNB kept its policy rate at 0 percent today and signaled a higher readiness to intervene in currency markets. Inflation is forecast to average 0.5 percent.
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The Swiss National Bank (SNB) concluded its March 2026 monetary policy assessment by electing to maintain its policy rate at 0%. This decision, announced in Switzerland, comes as the central bank navigates a complex global landscape marked by geopolitical instability and shifting inflationary pressures. Under the current framework, banks’ sight deposits held at the SNB will continue to be remunerated at the policy rate up to a specific threshold, while deposits exceeding this limit will face a discount of 0.25 percentage points.
