SNB Rate Decision preview: Swiss National Bank set to announce policy

The Swiss National Bank (SNB) is scheduled to announce its latest interest rate decision on Thursday, September 24, 2026, at 08:00 UTC. This event carries a high impact rating for the Swiss Franc. Market consensus currently forecasts the rate to remain at 0.00%, matching the previous reading of 0.00%. Traders will monitor the announcement for any shifts in policy or forward guidance from the central bank.

Historically, the SNB Interest Rate Decision has often led to notable price movements across CHF pairs. For instance, AUDCHF has seen a median 1-hour move of 8 pips, with top-quarter releases moving 16+ pips over 41 releases since 2015. CADCHF has experienced a median 1-hour move of 9 pips, with top-quarter releases moving 21+ pips over 40 releases. CHFJPY has shown a median 1-hour move of 15 pips, with top-quarter releases moving 34+ pips over 41 releases. EURCHF has seen a median 1-hour move of 10 pips, with top-quarter releases moving 27+ pips over 41 releases. GBPCHF has a median 1-hour move of 16 pips, with top-quarter releases moving 30+ pips over 42 releases. NZDCHF has a median 1-hour move of 7 pips, with top-quarter releases moving 14+ pips over 42 releases. USDCHF has seen a median 1-hour move of 8 pips, with top-quarter releases moving 25+ pips over 42 releases.

Recent SNB rate decisions have consistently resulted in an actual rate of 0%. The most recent print in June 2026 also showed 0%. Prior to that, the March 2026 decision saw USDCHF move +11 pips and +8.4 pips in the hour following the release. In December 2025, USDCHF moved -1.4 pips, and in September 2025, it moved +1.1 pips. The June 2025 release saw a more significant USDCHF move of -33 pips.