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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland SNB Interest Rate Decision held to 0.0% in June 2026
FMPMonthlyReleased June 2026
Switzerland SNB Interest Rate Decision held to 0.0% in June 2026. The reading matched the 0.0% consensus. The print is running well below the 12-month average of 0.81%. SNB Interest Rate Decision is now the lowest in 45 months.
Latest Release
0
Actual
0
Consensus
0
Previous
Median Absolute Error
±0 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0
Actual: 0
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
SNB Interest Rate Decision (Switzerland) was reported at 0% in June 2026. This matched the market consensus of 0% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through June 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0%, down from the prior three at 0.08%. In June readings over the past 3 years, SNB Interest Rate Decision has averaged 0.42%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI MoM (Aug 3) and Inflation Rate YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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SNB Interest Rate Decision - CH
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About SNB Interest Rate Decision — Switzerland
DEFINITION
The SNB Interest Rate Decision is a key financial indicator that reflects the monetary policy stance of the Swiss National Bank. This decision, made by the central bank's governing board, determines the target range for the country's key interest rate. It is closely monitored by investors and economists as it has a significant impact on the Swiss economy and financial markets. A higher interest rate can attract foreign investment and strengthen the Swiss franc, while a lower rate can stimulate economic growth and inflation. The SNB Interest Rate Decision is a crucial factor in shaping the overall economic outlook of Switzerland.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 0 %, consensus 0 %. Prior reading (Jun 2026): 0 %. Before that (Jun 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CH Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CH | KOF Leading Indicators | 103.5 | 102.1 | 101 | 102.25 | Medium |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:30 | CH | Retail Sales MoM | 0.2 | 0.9 | 1 | 0.75 | Low |
| 06:30 | CH | Retail Sales YoY | 1.5 | 3.4 | 3.2 | 2.65 | Medium |