Swiss National Bank (SNB) — FX Impact, Latest News & FAQ
The Swiss National Bank (SNB) sets monetary policy for Switzerland and has one of the most consequential modern intervention histories. Between September 2011 and 15 January 2015, the SNB defended a 1.20 EUR/CHF floor; the abrupt removal of…
About Swiss National Bank
The Swiss National Bank (SNB) sets monetary policy for Switzerland and has one of the most consequential modern intervention histories. Between September 2011 and 15 January 2015, the SNB defended a 1.20 EUR/CHF floor; the abrupt removal of that floor remains the largest single-day move in modern major-FX history. The SNB announces rate decisions quarterly (March, June, September, December) at 07:30 UTC. Because the franc is a primary safe-haven currency, CHF strengthens sharply during global risk-off episodes, often forcing the SNB into market intervention. NewFXT tracks every SNB release with live quote impact, AI commentary and calendar context.
Most affected FX pairs
SNB FAQ
What is the SNB?
The Swiss National Bank is the central bank of Switzerland. It sets the policy rate and intervenes directly in FX markets when franc strength threatens price stability or export competitiveness.
What was the 2015 Swiss franc shock?
On 15 January 2015 the SNB abandoned the 1.20 EUR/CHF floor it had defended since September 2011. EUR/CHF dropped roughly 30% within minutes; multiple FX brokers became insolvent and many retail accounts were wiped out.
When does the SNB decide rates?
The SNB announces decisions quarterly — March, June, September and December — at 07:30 UTC. Press conferences follow within the hour.