Swiss National Bank leaves policy rate unchanged at 0 per cent
30 September 2026
The Swiss National Bank (SNB) left the SNB policy rate unchanged at 0% at its monetary policy assessment of 24 September 2026.
The discount for sight deposits above the remuneration threshold stays at 0.25 percentage points.
Inflation rose from 0.6% in May to 0.8% in August, mainly because of higher prices for oil products.
The conditional inflation forecast puts average annual inflation at 0.7% for 2026 and 0.8% for 2027 and 2028, assuming a 0% policy rate throughout.
The SNB expects GDP growth of between 1.5% and 2% for 2026 and around 1.5% for 2027.
SNB policy rate:
0%
Inflation, August:
0.8%
Expected 2026 GDP growth:
1.5% to 2%
Why it matters for exams: Central bank rate decisions and inflation figures of major economies are regular questions in UPSC, SSC and bank exams.
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