BREAKING: Swiss franc strengthens after SNB decision

The Swiss National Bank raised its benchmark interest rate by 50 bps to 1.50 % as widely expected. Policymakers said they cannot rule out additional rate increases in the near future. The prediction for inflation over the medium term would be even higher without the policy rate hike announced today. Swiss growth is likely to remain modest for the rest of the year.

SNB sees :

2023 Swiss growth at around 1% vs the December forecast for growth around 0.5%
2023 inflation at 2.6% (previous forecast was for 2.4%)
2024 inflation at 2.0% (previous forecast was for 1.8%)
2025 inflation at 2.0% and Q4 2025 growth at 2.1%

Current inflation is 3.4% and the SNB expects it to fall to 2.6% later this year. Source: Bloomberg

USDCHF pair fell after SNB decision and approaches 78.6% Fibonacci retracement of the last upward wave. Source:xStation5

18 November 2025, 7:17 AM

Economic Calendar: A Quiet Tuesday on the Markets, but the US Draws Attention (18.11.2025)

17 November 2025, 6:55 AM

Economic calendar: inflation from Canada and GDP from Switzerland 🔎

17 November 2025, 6:48 AM

Morning wrap (17.11.2025)

14 November 2025, 6:50 PM

Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

BREAKING: Swiss franc strengthens after SNB decision

Join over 2 000 000 XTB Group Clients from around the world