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SNB Interest Rate Decision, June 2026

The Swiss National Bank held the SNB policy rate at 0.00% on June 18, 2026, as expected.

Decision0.00%■ hold
Against expectedAs expectedexpected 0.00%
Previous0.00%SNB policy rate
USD/CHF one hour later +25 pips from the last price before
The result

What the SNB decided in June 2026

The move Hold Held at 0.00%.
Against expected No surprise Economists expected: hold at 0.00%. The decision was as expected.
Timing 9:30 AM Zurich Thursday, June 18, 2026; press conference at 10:00 AM Zurich.
What price did

USD/CHF after the SNB decision, minute by minute

One-minute candles, Zurich time. The box is the hour before the announcement. How we measure.

USD/CHF one-minute chart around the Swiss National Bank decision of Jun 18, 2026 The hour before the 09:30 announcement ranged 13 pips. The first spike went above it by 11 pips, and a five-minute candle closed back inside after 15 minutes. 0.799 0.800 0.801 0.802 0.803 08:30 09:00 09:30 10:00 10:30 11:00 THE HOUR BEFORE SNB 09:30 PRESS CONF. Spike 0.80074 · 11 pips past the hour's high Closed back inside · 15 min
  1. The hour beforeUSD/CHF ranged 13 pips, from 0.79835 to 0.79965, and was at 0.79900 at the announcement.
  2. The first spike After 1 minute price went through the hour's high and ran 11 pips past it.
  3. The close back A five-minute candle closed back inside the range after 15 minutes.
  4. The other side Price did not trade through the opposite edge within four hours.
  5. The moves From the last price before the announcement: +5.8 pips at 15 minutes, +25 pips at one hour, +50 pips at four hours.
For context

Across 7 measured SNB decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 4 (57%), and in 1 of those price then took the other side within four hours. In the other 3 the first move held. Median move in the first 15 minutes: 17 pips.

This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All SNB dates · SNB overview.

Questions

SNB June 2026 decision: questions

What time was the SNB interest rate decision on Jun 18, 2026?

It was announced at 9:30 AM Zurich (3:30 AM EDT New York, 8:30 AM London London), with the press conference at 10:00 AM Zurich.

What did the SNB decide in June 2026?

Held at 0.00% (previous 0.00%). Economists expected: hold at 0.00%, so the decision was as expected.

How did USD/CHF react to the SNB decision in June 2026?

On one-minute candles: the hour before ranged 13 pips; the first spike went above it by 11 pips; a five-minute candle closed back inside after 15 minutes; after one hour USD/CHF was +25 pips from its pre-announcement price.

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