2026-06-18 - Press release - Monetary policy assessment of 18 June 2026

2026-06-18 - Martin Schlegel / Antoine Martin / Petra Tschudin: Introductory remarks, news conference

SNB leaves key policy rate unchanged at 0% in June meeting, as widely expected

Benign inflation keeps Swiss National Bank on hold

Despite prevailing benign inflationary trends, the Swiss National Bank (SNB) has opted to maintain its policy rate at 0%, reflecting a cautious yet stable monetary stance. As highlighted in the analysis, inflation in Switzerland remains comfortably within the SNB's target range of 0–2%, with recent data showing only a 0.6% year-on-year increase in May. The desk interprets this as an indication that the SNB has no immediate justification for altering its policy stance, a sentiment echoed by the source commentary [source]. This aligns with broader consensus views that foresee minimal shifts in policy in the coming quarters, with no significant market events expected to disrupt the current equilibrium.

SNB Holds Policy Rate at 0% in June: Implications for the Swiss Franc - CryptoRank