SNB Expected to Hold Rates Amid Rising Swiss Inflation
The Swiss National Bank (SNB) is set to make its policy announcement on September 24th, 2026. According to all economists surveyed by Reuters, the SNB will keep interest rates on hold at 0.00%. This decision comes as Swiss inflation has been rising due to higher energy prices and a weaker CHF, but remains within the Bank's target range of 0-2%.
The main focus will be on the updated inflation projections, which are expected to be mildly revised higher. The SNB Chairman Schlegel has suggested that while inflation has been moving higher, it remains within the price stability range.
Aside from the decision, attention will also be on any guidance for December's meeting and next year, as well as anything related to intervention. However, these points are unlikely to surprise markets. Money markets broadly expect rates to remain on hold for the remainder of the year and into next year, though some analysts see a chance of a hike next year.