The Swiss National Bank held its policy rate at 0.00% at its December 2025 quarterly monetary policy assessment, concluding that current monetary conditions were appropriate for the Swiss economy. The SNB said it would continue to monitor the situation and adjust its monetary policy if necessary, bringing the final scheduled policy meeting of the year to a close without any change to the benchmark rate.
Swiss inflation stood at 0.0% in November 2025, at the bottom of the SNB's 0-2% price-stability range.
NEXT ASSESSMENT
The SNB holds four scheduled monetary policy assessments each year. The December 2025 meeting is the final assessment of the calendar year, meaning the Governing Board's next regular opportunity to adjust the policy rate will come in the first quarter of 2026.
The SNB said it remained willing to intervene in the foreign exchange market as necessary.