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Swiss National Bank Signals Possible Currency Intervention Amid Inflation

3/5/2026

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Summary

Story summary

Swiss National Bank Vice-President Antoine Martin said readiness to intervene in currency markets has risen due to the impact of the US war in Iran.
February inflation remained low at 0.1%.
The franc reached decade highs against the euro, prompting possible SNB intervention.
The SNB has maintained a zero interest rate since June and expects 0.3% inflation in 2026.

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Story summary

Swiss National Bank Vice-President Antoine Martin said readiness to intervene in currency markets has risen due to the impact of the US war in Iran.
February inflation remained low at 0.1%.
The franc reached decade highs against the euro, prompting possible SNB intervention.
The SNB has maintained a zero interest rate since June and expects 0.3% inflation in 2026.