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Monetary policy for 2011

The SNB conducts an in-depth monetary policy assessment in March, June, September and December. Each of these assessments results in an interest rate decision and the publication of a medium-term conditional inflation forecast. The SNB sets out the reasons for its decisions in a press release and in a quarterly monetary policy report published in the Quarterly Bulletin.

In June and December, it provides more information on the monetary policy decision at a news conference. The texts of these media conferences may be found under the heading Media, item Speeches.

As of December 2011

Press release
PDF (149 kB)
Introductory remarks by Philipp Hildebrand
PDF (198 kB)
Quarterly Bulletin
PDF (1.4 MB)

As of September 2011

Press release
PDF (120 kB)
Quarterly Bulletin
PDF (1.58 MB)

Measures against strong Swiss franc

Press release of 6 September 2011
PDF (52 kB)
Press release of 17 August 2011
PDF (51 kB)
Press release of 10 August 2011
PDF (50 kB)
Press release of 3 August 2011
PDF (50 kB)

As of June 2011

Press release
PDF (115 kB)
Introductory remarks by Philipp Hildebrand
PDF (149 kB)
Quarterly Bulletin
PDF (1.5 MB)

As of March 2011

Press release
PDF (138 kB)
Quarterly Bulletin
PDF (1.4 MB)