Swiss National Bank (SNB) Interest Rate Decision is announced four times a year during the SNB's Governing Board meeting. The decision depends on the existing inflationary outlook and economic growth, and is one of the key indicators affecting the Swiss franc quotes.
At the meetings, the SNB's Governing Board members study the current economic disposition (both the internal agenda and the state of the world economy, as well as the main events that affect the financial and economic conditions), discuss the current monetary policy and vote on monetary policy measures and interest rate. The Committee interest rate decision is announced after the meeting.
The SNB may cut interest rate to help inflation rise to a target level. Conversely, if inflation exceeds the target level, the SNB would try to make the Swiss franc more expensive, for which (in addition to a complex of other measures) the interest rate is raised.
Therefore, each interest rate decision of the Swiss National Bank directly affects the franc quotes (especially when the rate is changed). A hike decision normally leads to the growth of CHF quotes.
The chart of the entire available history of the "Swiss National Bank (SNB) Interest Rate Decision" macroeconomic indicator.
Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.
The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.