The coronavirus pandemic is continuing to have a strong adverse effect on the economy. Despite the recent weakening, the Swiss franc remains highly valued. With a view to stabilising economic activity and price developments, the SNB is maintaining its expansionary monetary policy. The SNB is keeping the SNB policy rate and interest on sight deposits at the SNB at – 0.75%. It remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration. It is also continuing to supply the banking system with liquidity on generous terms. The SNB’s ... (full story)