SNB to Increase Transparency in Interest Rate Decisions

Swiss National Bank announces plans to publish detailed monetary policy discussions, marking a significant shift in central bank communication.

Key Takeaways

The Swiss National Bank (SNB) will begin publishing summaries of its monetary policy discussions starting with the next quarterly assessment.
The summaries will be released four weeks after the interest rate decisions are made.
The next monetary policy assessment is scheduled for September 25, 2025.
The SNB will not publish individual voting records of the governing board members.

By The Numbers

4 weeks

Publication delay

September 25, 2025

Implementation Date

They Said

"Communication is a central element in the fulfilment of our mandate."
— Martin Schlegel, SNB President

"It is important that the public understands how we apply our concept to the current circumstances in order to ensure price stability."
— Martin Schlegel, SNB President

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Global Alignment: Switzerland Catches Up to the World Stage

Sources & References

Swiss central bank promises more interest rate transparency

SWI swissinfo.ch