Monetary policy for 2012
The SNB conducts an in-depth monetary policy assessment in March, June, September and December. Each of these assessments results in an interest rate decision and the publication of a medium-term conditional inflation forecast. The SNB sets out the reasons for its decisions in a press release and in a quarterly monetary policy report published in the Quarterly Bulletin.
In June and December, it provides more information on the monetary policy decision at a news conference. The texts of these media conferences may be found under the heading Media, item Speeches.