The Swiss National Bank left the policy rate at 0 per cent and kept a 0.25 percentage point discount on sight deposits above the threshold. Its conditional forecast puts inflation at 0.7 per cent in 2026 and 0.8 per cent in 2027 and 2028. swissinfo reported the same decision to keep the key rate at 0%.
The Swiss National Bank left the SNB policy rate at 0 per cent. The discount on sight deposits above the threshold stays at 0.25 percentage points. The bank said it is willing to be active in the foreign-exchange market as necessary. swissinfo reported that the Swiss National Bank decided to keep its key interest rate at 0% as inflation remains under control.[1], [2]
Inflation rose from 0.6 per cent in May to 0.8 per cent in August, and the bank tied that rise to oil products. The conditional forecast, which assumes the policy rate stays at 0 per cent, puts average inflation at 0.7 per cent for 2026, 0.8 per cent for 2027 and 0.8 per cent for 2028. The SNB projects 2026 growth of between 1.5 per cent and 2 per cent, and growth of around 1.5 per cent for 2027. Capacity utilisation is below average, especially in manufacturing.[1]
The SNB release is the decision and the forecast. swissinfo's report is the same hold, stated as a key rate remaining at 0% while inflation remains under control. The release adds the foreign-exchange line, the oil-driven rise from 0.6 per cent to 0.8 per cent, and the growth band. Together they describe a central bank that did not move the policy rate. The SNB left the policy rate at 0 per cent and kept the discount on sight deposits above the threshold at 0.25 percentage points. It said it is willing to be active in the foreign-exchange market as necessary. Inflation rose from 0.6 per cent in May to 0.8 per cent in August on oil products. The conditional forecast, assuming a 0 per cent rate, puts inflation at 0.7 per cent for 2026 and 0.8 per cent for 2027 and 2028. Growth for 2026 is between 1.5 per cent and 2 per cent, and around 1.5 per cent for 2027. swissinfo reported the same hold, a key rate remaining at 0%.[1], [2]
