Story perspectives

SNB holds benchmark rate at 0% despite inflation pressure

By Drooid · Sep 24, 2026, 3:23 PM UTC · How we work

Summary

Story summary

Swiss National Bank kept its benchmark rate at 0%.
It said inflation pressure rose slightly but remains within the 0%-2% target range.
The bank forecast inflation at 1.2% for Q4 2026/Q1 2027 and average 0.8% in 2027.
Chairman Martin Schlegel said the SNB is ready to intervene in the foreign-exchange market if needed.
Economists warned the franc’s >2% depreciation versus the euro and >1% versus the dollar since June could raise concerns.

1 of 1

Story summary

Swiss National Bank kept its benchmark rate at 0%.
It said inflation pressure rose slightly but remains within the 0%-2% target range.
The bank forecast inflation at 1.2% for Q4 2026/Q1 2027 and average 0.8% in 2027.
Chairman Martin Schlegel said the SNB is ready to intervene in the foreign-exchange market if needed.
Economists warned the franc’s >2% depreciation versus the euro and >1% versus the dollar since June could raise concerns.