Introductory remarks by the Governing Board, Swiss National Bank news conference
By
Martin Schlegel
,
Antoine Martin
and
Petra Tschudin
PDF (0 Pages)
Type
Speech
Subtype
Central banker's speech
Date delivered
29 September 2026
Country
Switzerland
Topics
Inflation
Introductory remarks by Mr Martin Schlegel, Chairman of the Governing Board of the SNB, Mr Antoine Martin, Vice Chairman of the Governing Board of the SNB, and Ms Petra Tschudin, Member of the Governing Board of the SNB, at the Media News Conference of the Swiss National Bank, Berne, 24 September 2026.
Ladies and gentlemen
On behalf of the Governing Board, it is my pleasure as Chairman to welcome you to the SNB's news conference. After our introductory remarks, we will as usual be pleased to take any questions you may have.
Monetary policy decision
I will begin with our monetary policy decision. We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold is unchanged at 0.25 percentage points. We are also willing to be active in the foreign exchange market as necessary to ensure appropriate monetary conditions.
Inflation has risen further since June, primarily due to higher energy prices. Medium-term inflationary pressure has increased only slightly. Our monetary policy is appropriate to keep inflation within the range consistent with price stability and supports economic development.
The views expressed in this speech are those of the speaker and do not necessarily reflect those of the BIS.
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Authors
Martin Schlegel
Chairman of the Governing Board
Antoine Martin
Petra Tschudin