SNB Leaves Policy Rate at 0%, Revises Inflation Forecast Up

Mon, 27 Apr 2026 12:59:28 +0000
Banking

The Swiss National Bank left its policy rate unchanged at 0% on 19 March 2026. The conditional inflation forecast was revised upward due to rising energy prices driven by the Middle East conflict, with average annual inflation now projected at 0.5% for 2026, 0.5% for 2027, and 0.6% for 2028. The SNB indicated increased willingness to intervene in foreign exchange markets to prevent excessive Swiss franc appreciation that could threaten price stability.