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Swiss National Bank publishes first minutes on rates decision

ReutersOct 23, 2025 7:35 AM

- The Swiss National Bank on Thursday published its first set of minutes on its interest rate setting meetings, a move by the conservative central bank to catch up with peers who have previously given details of how they set monetary policy.

The SNB held its benchmark interest rate at zero last month, the lowest among major central banks, as it warned that U.S. President Donald Trump's tariffs had dimmed the outlook for the Swiss economy going into 2026.

The U.S. Federal Reserve has issued transcripts of its rate setting committee since 1994, while the European Central Bank has published details of its discussions since 2015.

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