The Unseen Hand: How the SNB's Quarterly Ritual Shapes the Swiss Franc
The Swiss National Bank (SNB) holds a unique position in global finance, presiding over the Swiss Franc (CHF)—a globally renowned safe-haven currency. Unlike the monthly decisions of many peers, the SNB's monetary policy is determined through a highly rigorous, structured process just four times a year.
Switzerland’s Inflation Hits Pause: October CPI Falls 0.3% — Is the Franc Signaling a Market Reversal?
In October 2025, the Swiss Federal Statistical Office reported that the Consumer Price Index (CPI) dropped 0.3% month-on-month, bringing the index down to 107.2 points (December 2020 = 100). On a year-on-year basis, inflation stood at just +0.1%, showing that price growth in Switzerland has nearly stalled.
Switzerland’s Economy Barely Grows: Here’s Why the Franc Still Matters
Imagine Switzerland’s economy as a marathon runner. In the first quarter of 2025, it sprinted ahead with strong energy, growing 0.7% thanks to booming pharmaceutical exports. But in the second quarter, the runner slowed down to almost a walk, with growth shrinking to just 0.1%.
Why Switzerland’s GDP Release Is More Than Just a Number
Switzerland is releasing its latest Gross Domestic Product (GDP) figures for the second quarter through the State Secretariat for Economic Affairs (SECO). GDP is the single biggest measure of how an economy is doing—basically the report card of a country’s financial health.