SNB leaves Policy Rate Unchanged at 0%

EthereumCraftsman · 2026-03-19T08:45:18+00:00

In March 2026, the Swiss National Bank maintained a 0% policy rate and indicated a readiness to intervene in currency markets due to rising geopolitical tensions. Slight inflation increases were noted, with modest economic growth expected.

EthereumCraftsman

2026-03-19 08:45:18

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The Swiss National Bank kept its policy rate unchanged at 0% in March 2026, maintaining remuneration on sight deposits up to a set threshold, with a 0.25 percentage point discount applied above it. Amid the Middle East conflict, the SNB signaled a greater willingness to intervene in currency markets to prevent excessive Swiss franc appreciation and protect price stability. Inflation has edged up slightly, reaching 0.1% in February, with higher energy prices expected to push it further in the near term, though medium term pressures remain stable. The SNB forecasts average inflation at 0.5% in 2026 and 2027, and 0.6% in 2028. While global growth was solid late last year, rising energy costs and geopolitical tensions are increasing uncertainty and may slow activity. Switzerland’s economy showed modest growth, with GDP rebounding in the fourth quarter, and is expected to expand around 1% in 2026, though risks remain tied to global conditions.

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