{
  "data": {
    "id": "swiss-national-bank-2026-03-19",
    "bank": "swiss-national-bank",
    "bankName": "Swiss National Bank",
    "country": "CH",
    "date": "2026-03-19",
    "announceAt": "2026-03-19T08:30:00Z",
    "timezone": "Europe/Zurich",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 0,
    "step": 0.25,
    "calendarSource": "https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260319",
    "citation": "Monetary policy assessment of 2026-03-19, listed on the SNB monetary policy decisions page; the SNB monetary policy RSS feed timestamps the press release at 08:30 UTC (09:30 Swiss time). The event schedule only lists future events.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_<YYYYMMDD>[_n]",
      "foundAt": "https://www.snb.ch/en/the-snb/mandates-goals/monetary-policy/decisions",
      "example": "https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260924",
      "resolvable": true,
      "reads": {
        "right": 6,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-03-19T08:30:00Z",
      "rateBefore": 0,
      "rateAfter": 0,
      "direction": "hold",
      "statement": "https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260319",
      "observed": true
    },
    "page": "https://macroindex.org/bank/swiss-national-bank/decision/2026-03-19",
    "account": {
      "summary": "The Swiss National Bank left the SNB policy rate unchanged at 0% and said its willingness to intervene in the foreign exchange market had increased because of the conflict in the Middle East.",
      "reasons": [
        "The SNB said inflation had risen slightly, from 0.0% in November to 0.1% in February, and that its conditional inflation forecast was higher in the short term because of the rise in energy prices.",
        "It said medium-term inflationary pressure was virtually unchanged and that the forecast, averaging 0.5% for 2026, stayed within the range of price stability over the whole horizon.",
        "The SNB said greater readiness to intervene was meant to counter a rapid and excessive appreciation of the Swiss franc, which would jeopardise price stability."
      ],
      "guidance": "The SNB said it would continue to monitor the situation closely and adjust its monetary policy if necessary to ensure price stability over the medium term.",
      "links": [
        {
          "label": "Introductory remarks, news conference",
          "url": "https://www.snb.ch/en/publications/communication/speeches-restricted/ref_20260319_mslanmargpe"
        },
        {
          "label": "Summary of discussion",
          "url": "https://www.snb.ch/en/publications/communication/summaries/zus_20260416"
        }
      ],
      "readFrom": [
        "https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260319"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:38:43.196Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}