Central bank · CHF
Swiss National Bank (SNB) monetary policy dates 2026–2027 and the SNB rate
Short answer: the Swiss National Bank's SNB policy rate is 0.00% (last change: −0.25, Jun 2025). The next decision is on 10 December 2026, at 09:00 UK time (10:00 Zurich time).
SNB meeting dates 2026–2027
Decision days as the Swiss National Bank publishes them. Quarterly monetary policy assessments. Dates up to 5 November 2026 are marked as held.
| Decision day | Zurich time | UK time | New York time | Status |
|---|---|---|---|---|
| Thu, 24 Sept 2026 | 10:00 | 09:00 | 04:00 | Held |
| Thu, 10 Dec 2026 | 10:00 | 09:00 | 04:00 | Next |
| Thu, 18 Mar 2027 | 10:00 | 09:00 | 05:00 | Scheduled |
| Thu, 24 Jun 2027 | 10:00 | 09:00 | 04:00 | Scheduled |
| Thu, 23 Sept 2027 | 10:00 | 09:00 | 04:00 | Scheduled |
| Thu, 16 Dec 2027 | 10:00 | 09:00 | 04:00 | Scheduled |
Times follow each zone's daylight saving rules, so the UK time can shift by an hour in the weeks when the UK and the other country change clocks on different dates. Confirm on the official calendar before relying on a date.
Current SNB interest rate
- SNB policy rate: 0.00%
- Last change: −0.25, Jun 2025
- Who decides: The SNB Governing Board, at its quarterly monetary policy assessment.
- Target: Price stability, which the SNB defines as a rise in the Swiss consumer price index of less than 2% a year. Source
- How it explains decisions: A press release with each assessment, a medium-term conditional inflation forecast and a news conference.
Currency pairs the SNB moves
A rate decision moves CHF pairs through the gap between the two policy rates. This is the gap today for the 1 major pairs that include CHF; the full table covers all 10.
| Pair | Base rate | Quote rate | Gap (base − quote) |
|---|---|---|---|
| USD/CHF | USD 3.75–4.00% | CHF 0.00% | +3.75 to +4.00 pp |
The gap is arithmetic on official policy rates, not a broker's swap rate and not a forecast. Markets react to the decision against what was expected, and often more to the guidance about future meetings than to the decision itself.
See the SNB in MacroMatrixFX
MacroMatrixFX shows the SNB's decisions on its built-in economic calendar and reads the rates and policy family alongside inflation, growth, positioning and risk for each of its 10 pairs, with a confidence reading on every score. Its alerts for a currency's pairs pause around that currency's high-impact events. EUR/USD, GBP/USD and USD/JPY are free.
Explore MacroMatrixFX · What is a fundamental bias? · Release dates in UK time
Other central banks
- Federal Reserve (Fed) meeting dates and rate
- European Central Bank (ECB) meeting dates and rate
- Bank of England (BoE) meeting dates and rate
- Bank of Japan (BoJ) meeting dates and rate
- Bank of Canada (BoC) meeting dates and rate
- Reserve Bank of Australia (RBA) meeting dates and rate
- Reserve Bank of New Zealand (RBNZ) meeting dates and rate
- All eight central banks in one table
- Swiss National Bank: policy rate · decision calendar · mandate and target · announcement time
- BIS: central bank policy rates (cross-check)
Sources are cited so you can verify them. They are independent of Macro Research Technologies and have not reviewed or approved this content. Educational content only, not financial advice. Rates and dates can change at short notice. Contact us with corrections.