Economic
Swiss National Bank keeps policy rate at zero
The Swiss National Bank decided to maintain its policy rate at 0% amid Middle East tensions and subdued domestic growth outlook.
The Swiss National Bank (SNB) held its policy rate at 0% during its 19 March 2026 monetary policy assessment, citing uncertainty related to the Middle East conflict and modest Swiss growth prospects. The central bank emphasized that inflation is expected to remain around 0.5% in 2026 and 2027, justifying no immediate tightening. The SNB also reiterated its readiness to intervene in the foreign exchange market to prevent an excessive appreciation of the Swiss franc. Growth for Switzerland is projected at about 1% in 2026 and 1.5% in 2027, with downside risks tilted toward global developments.
- Status
- active
- Location
- Bern, Switzerland
- Date added
- 2026-03-23 01:33 UTC
- Last updated
- 2026-03-23 01:33 UTC
- Source
- Swiss National Bank
- Connected threats
- Not provided