Person

Martin Schlegel

Chairman of the Swiss National Bank, Swiss National Bank

2 articles · 20 June 2025 to 19 March 2026

What we have reported

Signalled heightened willingness to intervene in foreign exchange markets to prevent excessive franc appreciation.
Cut the policy rate to zero and acknowledged the SNB may have to return to negative rates to weaken the franc.

Coverage

2 of 2 in the archive

Europe

European central banks hold rates as Iran war upends inflation outlook

The ECB, Bank of England, Swiss National Bank and Riksbank all kept policy unchanged on Thursday, citing material upside risks to inflation from surging energy prices triggered by the conflict in Iran.

Clara Devereux19 March 20267 min read

Europe

European central banks cut rates as Trump tariffs hit growth while Fed holds

Switzerland, Sweden and Norway joined the ECB and Bank of England in easing policy this week, citing tariff-driven export weakness and a falling dollar that is pushing inflation below target.

Peter van den Berg20 June 20256 min read

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What we have reported

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One important European story. Explained properly.