Swiss National Bank Maintains Policy Rate at 1.00% Amid Strong Swiss Franc Interventions
SNB Governing Board reaffirms commitment to price stability, curbing imported inflation while monitoring foreign exchange valuation impacts on SMI exporters.
By Dr. Henrik Lindqvist, Ph.D. in Banking & Macroeconomics • Reviewed by Harold Zimmerman, CPA • Updated November 4, 2026
Primary Source: Swiss National Bank
The Swiss National Bank (SNB) held its SNB policy rate at 1.00% during its quarterly monetary policy assessment, reinforcing its readiness to be active in foreign exchange markets as conditions dictate.
Currency Valuation & Swiss Market Index
- Swiss Inflation Benchmark: Swiss CPI inflation settled at an annualized 1.1%, the lowest among OECD advanced economies, insulated by the resilient purchasing power of the Swiss Franc.
- Foreign Currency Reserve Rebalancing: SNB assets demonstrated steady returns from global equity holdings, reinforcing the central bank’s operational balance sheet.
- SMI Blue-Chip Resilience: The Swiss Market Index (SMI) traded up 0.4%, anchored by global pharmaceutical leaders Roche and Novartis alongside consumer giant Nestlé.
The central bank reiterated that monetary policy continues to ensure that inflation remains within the range of price stability (between 0% and 2%) over the medium term.
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