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Monetary policy for 2012

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 2012

Press release
PDF (189 kB)
Introductory remarks by Thomas Jordan
PDF (75 kB)
Quarterly Bulletin
PDF (640 kB)

As of September 2012

Press release
PDF (174 kB)
Quarterly Bulletin
PDF (821 kB)

As of June 2012

Press release
PDF (140 kB)
Introductory remarks by Thomas Jordan
PDF (82 kB)
Quarterly Bulletin
PDF (949 kB)

As of March 2012

Press release
PDF (147 kB)
Quarterly Bulletin
PDF (1.3 MB)