Banks › Swiss National Bank › History › 18 Jun 2026
Swiss National Bank: decision of 18 June 2026
The Swiss National Bank left the SNB policy rate unchanged at 0%.
Decision
hold
- Rate
- 0.00%=0.00%
- Change
- 0 bp
- Announced
- 09:30 Zurich time
Sources
- Statement
- snb.ch/en/publications/communication…
- Introductory remarks, news conference
- snb.ch/en/publications/communication…
- Summary of discussion
- snb.ch/en/publications/communication…
- Recorded
- 18 Jun 2026
- Data
- JSON
What the bank said
The SNB said inflation had risen from 0.1% in February to 0.6% in May, mainly because of higher prices for oil products, while medium-term inflationary pressure was virtually unchanged.
It said its conditional forecast, averaging 0.6% for 2026 and 2027, stayed within the range of price stability, and that monetary policy was appropriate and supported economic development.
The SNB said it had an increased willingness to intervene in the foreign exchange market if necessary to counter a rapid and excessive appreciation of the Swiss franc.
Guidance. The SNB said it would continue to monitor the situation and adjust its monetary policy if necessary in order to ensure price stability.
Before and after
- Previous decision: 19 Mar 2026, held the SNB policy rate at 0.00%.
- Next decision: 24 Sept 2026, held the SNB policy rate at 0.00%.
- All Swiss National Bank decisions and the rate history