https://www.snb.ch/en/news-publications/news News on the Swiss National Bank (SNB) website SNB 2026-09-24T08:30:36Z Copyright © Swiss National Bank, Zurich (Switzerland) 2026 2026-09-24T08:30:36Z https://www.snb.ch/en/srv/disclaimer https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260924_bids https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260924_bids Annual banking statistics, revision of data for 2025 2026-09-24T08:30:00Z SNB Annual banking statistics, revision of data for 2025 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260924_bids 2026-09-24T08:30:00Z en https://www.snb.ch/en/services-events/digital-services/webtv/webtv-2026-09-24 https://www.snb.ch/en/services-events/digital-services/webtv/webtv-2026-09-24 Web TV: SNB events 2026-09-24T08:30:36Z SNB Web TV: SNB events https://www.snb.ch/en/services-events/digital-services/webtv/webtv-2026-09-24 2026-09-24T08:30:36Z en https://www.snb.ch/en/publications/communication/speeches-restricted/ref_20260924_mslanmargpe Monetary policy decision We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold is unchanged at 0.25 percentage points. We are also willing to be active in the foreign exchange market as necessary to ensure appropriate monetary conditions. Inflation has risen further since June, primarily due to higher energy prices. Medium-term inflationary pressure has increased only slightly. Our monetary policy is appropriate to keep inflation within the range consistent with price stability and supports economic development. https://www.snb.ch/en/publications/communication/speeches-restricted/ref_20260924_mslanmargpe Introductory remarks, news conference 2026-09-24T08:00:00Z SNB Introductory remarks, news conference https://www.snb.ch/en/publications/communication/speeches-restricted/ref_20260924_mslanmargpe Monetary policy decision We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold is unchanged at 0.25 percentage points. We are also willing to be active in the foreign exchange market as necessary to ensure appropriate monetary conditions. Inflation has risen further since June, primarily due to higher energy prices. Medium-term inflationary pressure has increased only slightly. Our monetary policy is appropriate to keep inflation within the range consistent with price stability and supports economic development. Martin Schlegel / Antoine Martin / Petra Tschudin Chairman of the Governing Board / Vice Chairman of the Governing Board / Member of the Governing Board News conference of the Swiss National Bank, Berne 2026-09-24T08:00:00Z en https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260924 https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260924 Monetary policy assessment of 24 September 2026 2026-09-24T07:30:00Z SNB Monetary policy assessment of 24 September 2026 https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260924 2026-09-24T07:30:00Z en https://www.snb.ch/en/publications/communication/press-releases/2026/pre_20260922 https://www.snb.ch/en/publications/communication/press-releases/2026/pre_20260922 Swiss balance of payments and international investment position 2026-09-22T07:00:00Z SNB Swiss balance of payments and international investment position https://www.snb.ch/en/publications/communication/press-releases/2026/pre_20260922 2026-09-22T07:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260922_bopiip https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260922_bopiip Swiss balance of payments and international investment position, Q2 2026 2026-09-22T07:00:00Z SNB Swiss balance of payments and international investment position, Q2 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260922_bopiip 2026-09-22T07:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_gwd https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_gwd Important monetary policy data, 21 September 2026 2026-09-21T08:00:00Z SNB Important monetary policy data, 21 September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_gwd 2026-09-21T08:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_b https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_b Economic data, September 2026 2026-09-21T07:00:00Z SNB Economic data, September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_b 2026-09-21T07:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_bstaq https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_bstaq Quarterly banking statistics, Q3 2026 2026-09-21T07:00:00Z SNB Quarterly banking statistics, Q3 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_bstaq 2026-09-21T07:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_bsta https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_bsta Monthly banking statistics, September 2026 2026-09-21T07:00:00Z SNB Monthly banking statistics, September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260921_bsta 2026-09-21T07:00:00Z en https://www.snb.ch/en/publications/communication/press-releases/2026/pre_20260914 https://www.snb.ch/en/publications/communication/press-releases/2026/pre_20260914 2026 Carl Menger Award 2026-09-14T16:30:00Z SNB 2026 Carl Menger Award https://www.snb.ch/en/publications/communication/press-releases/2026/pre_20260914 2026-09-14T16:30:00Z en https://www.snb.ch/en/publications/research/economic-notes/2026/economic_note_2026_06 Over the past 15 years, inflation in Switzerland has, on average, been almost 2 percentage points lower than in the euro area. This note shows that two-thirds of the Swiss inflation gap with the euro area was driven by goods, in particular food and energy, while the remaining third was driven by services. The note also shows that inflation was lower in Switzerland than in the euro area primarily because of smaller price increases rather than different consumption habits. https://www.snb.ch/en/publications/research/economic-notes/2026/economic_note_2026_06 What is keeping inflation in Switzerland lower than in the euro area? A product group perspective 2026-09-13T22:00:00Z SNB Inflation Switzerland Euro area Consumer prices Consumption basket What is keeping inflation in Switzerland lower than in the euro area? A product group perspective https://www.snb.ch/en/publications/research/economic-notes/2026/economic_note_2026_06 Over the past 15 years, inflation in Switzerland has, on average, been almost 2 percentage points lower than in the euro area. This note shows that two-thirds of the Swiss inflation gap with the euro area was driven by goods, in particular food and energy, while the remaining third was driven by services. The note also shows that inflation was lower in Switzerland than in the euro area primarily because of smaller price increases rather than different consumption habits. Simone Auer Simone Auer Simone Auer 2026 SNB Economic Studies 2026-06 2026-09-13T22:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260914_gwd https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260914_gwd Important monetary policy data, 14 September 2026 2026-09-14T08:00:00Z SNB Important monetary policy data, 14 September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260914_gwd 2026-09-14T08:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260914_sddsplus https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260914_sddsplus IMF SDDS Plus, 14 September 2026 2026-09-14T07:00:00Z SNB IMF SDDS Plus, 14 September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260914_sddsplus 2026-09-14T07:00:00Z en https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260911_msl https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260911_msl Die Schweizer Wirtschaft im globalen Umfeld 2026-09-11T09:15:00Z SNB Die Schweizer Wirtschaft im globalen Umfeld https://www.snb.ch/en/publications/communication/speeches/2026/ref_20260911_msl Martin Schlegel Chairman of the Governing Board Tag der Wirtschaft 2026 - economiesuisse, Lucerne 2026-09-11T09:15:00Z en https://www.snb.ch/en/publications/research/working-papers/2026/working_paper_2026_11 This paper investigates the impact of monetary policy announcements (MPAs) on household inflation expectations using microdata from the Swiss Consumer Sentiment Survey. Employing an event study approach, we reveal an asymmetric response: while policy rate hikes or decisions to keep rates constant reduce household inflation expectations, rate cuts fail to elicit a reaction. The effect is particularly robust for short-term expectations, with a much less clear-cut influence on long-term expectations. Households across the expectation distribution - both moderate and extreme - react to announcements, indicating a broad impact. We find that household reactions are driven primarily by the anticipated component of policy rate changes, whereas surprising moves tend to be interpreted as signals of new information regarding inflationary pressure. Finally, we report that demographic heterogeneity matters: the effect of MPAs is driven by German-speaking households and tertiary-educated individuals, while others show no consistent response, underscoring the importance of targeted communication strategies for effective monetary policy transmission. https://www.snb.ch/en/publications/research/working-papers/2026/working_paper_2026_11 Do Swiss households revise their inflation expectations after monetary policy announcements? 2026-09-08T22:00:00Z SNB Household inflation expectations Household heterogeneity Event study Monetary policy Central bank communication Reaction to news Do Swiss households revise their inflation expectations after monetary policy announcements? https://www.snb.ch/en/publications/research/working-papers/2026/working_paper_2026_11 This paper investigates the impact of monetary policy announcements (MPAs) on household inflation expectations using microdata from the Swiss Consumer Sentiment Survey. Employing an event study approach, we reveal an asymmetric response: while policy rate hikes or decisions to keep rates constant reduce household inflation expectations, rate cuts fail to elicit a reaction. The effect is particularly robust for short-term expectations, with a much less clear-cut influence on long-term expectations. Households across the expectation distribution - both moderate and extreme - react to announcements, indicating a broad impact. We find that household reactions are driven primarily by the anticipated component of policy rate changes, whereas surprising moves tend to be interpreted as signals of new information regarding inflationary pressure. Finally, we report that demographic heterogeneity matters: the effect of MPAs is driven by German-speaking households and tertiary-educated individuals, while others show no consistent response, underscoring the importance of targeted communication strategies for effective monetary policy transmission. Alexander Goetz Alexander Goetz Lucas Kyriacou Lucas Kyriacou Florence Miguet Heimlicher Florence Miguet Heimlicher Stefanie Siegrist Stefanie Siegrist Alexander Goetz, Lucas Kyriacou, Florence Miguet Heimlicher and Stefanie Siegrist 2026 SNB Working Papers 2026-11 E31 E52 E71 D84 2026-09-08T22:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_gwd https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_gwd Important monetary policy data, 7 September 2026 2026-09-07T08:00:00Z SNB Important monetary policy data, 7 September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_gwd 2026-09-07T08:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_wki https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_wki Exchange rate indices, September 2026 2026-09-07T07:00:00Z SNB Exchange rate indices, September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_wki 2026-09-07T07:00:00Z en https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_sddsplus https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_sddsplus IMF SDDS Plus, 7 September 2026 2026-09-07T07:00:00Z SNB IMF SDDS Plus, 7 September 2026 https://www.snb.ch/en/publications/statistical-publications/data-portal/2026/09/statpub_news_20260907_sddsplus 2026-09-07T07:00:00Z en https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260902 https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260902 Federal Council appoints Christoph Ammann as new President of SNB Bank Council 2026-09-02T10:15:00Z SNB Federal Council appoints Christoph Ammann as new President of SNB Bank Council https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20260902 2026-09-02T10:15:00Z en