SNB · CHF•Est. 1907 · Bern & Zurich•Mandate Target: 0.0%-2.0% Price Stability Range
Swiss National Bank (SNB) - Monetary Ledger
Ensure price stability while taking due account of economic developments. Explore all six canonical primary-source time series for Switzerland (Swiss Franc, CHF): policy rate history, CPI inflation vs. target, consolidated central bank assets in USD and % of GDP, international gold & FX reserves, and real effective exchange rates.
Six Canonical Swiss National Bank Datasets
Central Bank Interest Rates1946–2026
Swiss National Bank Policy Interest Rate (Switzerland)
Latest (Sep 2026)0.00%
Record High7.00% (1991)
Central Bank Balance Sheets (USD)1953–2026
Swiss National Bank Balance Sheet Total Assets (USD)
Latest (Jul 2026)$1,148.00B
Record High$1,158.56B (2021)
Central Bank Assets Share of GDP1960–2026
Swiss National Bank Balance Sheet Share of GDP (Switzerland)
Latest (2026 Q1)102.48%
Record High144.59% (2021)
Consumer Price Inflation Rates & Targets1922–2026
Switzerland Inflation Rate (CPI YoY %)
Latest (Aug 2026)0.81%
Record High17.68% (1941)
Foreign Exchange & Gold Reserves1960–2025
Switzerland Foreign Exchange & Gold Reserves (USD)
Latest (2025)$1,075.68B
Record High$1,109.82B (2021)
Real Effective Exchange Rates (REER)1964–2026
Swiss Franc (CHF) Real Effective Exchange Rate (REER)
Latest (Sep 2026)98.37
Record High111.23 (2011)
Swiss National Bank Policy Rate & Balance Sheet Trajectories
Swiss National Bank · CHF
Swiss National Bank Policy Interest Rate (Switzerland) (1946-2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full archive (1946–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) & Swiss National Bank (WS_CBPOL:M:CH)
Latest: 0.00% (Sep 2026)
· Real Rate: -0.81%
Swiss National Bank · CHF
Swiss National Bank Balance Sheet Total Assets (USD) (1953-2026)
USD BillionsDrag to pan, scroll to zoom, or toggle between full archive (1953–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) (WS_CBTA:M:CH:B:USD:_Z:B)
Latest: $1,148.00B (Jul 2026)
Swiss National Bank Bilateral Rate Differentials
Consolidated Annual Monetary Ledger - Swiss National Bank
Annual policy rate, headline CPI, ex-post real rate, balance sheet assets ($B & % GDP), reserves ($B), and REER index
| Year | Policy Rate | CPI (YoY) | Real Rate | Assets ($B USD) | Assets (% GDP) | Reserves ($B) | REER (2020=100) |
|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.42% | -0.42% | $1,148.00B | 102.48% | - | 101.79 |
| 2025 | 0.00% | 0.15% | -0.15% | $1,127.64B | 103.00% | $1,075.68B | 101.93 |
| 2024 | 0.50% | 1.06% | -0.56% | $942.73B | 99.98% | $909.37B | 101.04 |
| 2023 | 1.75% | 2.14% | -0.39% | $948.25B | 95.23% | $863.89B | 99.95 |
| 2022 | 1.00% | 2.83% | -1.83% | $954.68B | 107.54% | $923.63B | 97.30 |
| 2021 | -0.75% | 0.58% | -1.33% | $1,158.56B | 137.65% | $1,109.82B | 97.11 |
| 2020 | -0.75% | -0.72% | -0.03% | $1,134.89B | 140.82% | $1,083.40B | 100.00 |
| 2019 | -0.75% | 0.36% | -1.11% | $891.10B | 117.58% | $854.93B | 96.25 |
| 2018 | -0.75% | 0.94% | -1.69% | $830.19B | 112.72% | $787.02B | 95.22 |
| 2017 | -0.75% | 0.54% | -1.29% | $864.28B | 121.15% | $811.03B | 98.00 |
| 2016 | -0.75% | -0.43% | -0.32% | $732.74B | 108.45% | $678.91B | 99.97 |
| 2015 | -0.75% | -1.14% | +0.39% | $643.22B | 94.24% | $602.40B | 101.95 |
| 2014 | -0.25% | -0.01% | -0.24% | $566.66B | 82.65% | $545.79B | 96.39 |
| 2013 | 0.12% | -0.22% | +0.34% | $550.90B | 73.56% | $536.24B | 95.46 |
| 2012 | 0.12% | -0.69% | +0.81% | $545.85B | 76.28% | $531.30B | 96.99 |
| 2011 | 0.12% | 0.23% | -0.11% | $368.37B | 53.60% | $330.59B | 101.02 |
| 2010 | 0.38% | 0.69% | -0.31% | $288.48B | 42.47% | $270.48B | 92.26 |
| 2009 | 0.38% | -0.48% | +0.86% | $201.26B | 33.81% | $134.57B | 88.75 |
| 2008 | 0.50% | 2.43% | -1.93% | $200.86B | 34.44% | $74.15B | 85.30 |
| 2007 | 2.75% | 0.73% | +2.02% | $112.92B | 21.18% | $75.17B | 82.09 |
| 2006 | 2.00% | 1.06% | +0.94% | $91.64B | 19.88% | $64.46B | 85.70 |
| 2005 | 1.00% | 1.17% | -0.17% | $82.68B | 20.62% | $57.58B | 88.35 |
| 2004 | 0.75% | 0.80% | -0.05% | $104.09B | 23.20% | $74.57B | 90.46 |
| 2003 | 0.38% | 0.64% | -0.26% | $99.55B | 24.87% | $69.56B | 91.29 |
| 2002 | 0.75% | 0.64% | +0.11% | $88.08B | 24.92% | $61.28B | 90.81 |
| 2001 | 1.75% | 0.99% | +0.76% | $71.41B | 24.52% | $51.55B | 87.57 |
| 2000 | 3.50% | 1.56% | +1.94% | $72.76B | 24.97% | $53.62B | 85.30 |
| 1999 | 0.50% | 0.81% | -0.31% | $65.62B | 23.13% | $60.49B | 88.35 |
| 1998 | 1.00% | 0.02% | +0.98% | $67.39B | 20.88% | $65.16B | 89.42 |
| 1997 | 1.00% | 0.52% | +0.48% | $52.20B | 17.50% | $63.20B | 87.76 |
| 1996 | 1.00% | 0.81% | +0.19% | $53.73B | 16.98% | $69.18B | 96.77 |
| 1995 | 1.50% | 1.80% | -0.30% | $53.87B | 14.64% | $68.62B | 100.23 |
| 1994 | 3.50% | 0.85% | +2.65% | $49.41B | 15.49% | $66.65B | 94.38 |
| 1993 | 4.00% | 3.30% | +0.70% | $44.41B | 16.11% | $65.17B | 85.85 |
| 1992 | 6.00% | 4.04% | +1.96% | $43.82B | 15.98% | $61.01B | 83.45 |
| 1991 | 7.00% | 5.86% | +1.14% | $41.87B | 14.49% | $58.45B | 84.37 |
| 1990 | 6.00% | 5.40% | +0.60% | $42.06B | 14.33% | $61.28B | 84.90 |
| 1989 | 6.00% | 3.15% | +2.85% | $36.56B | 16.28% | $58.67B | 79.08 |
| 1988 | 3.50% | 1.87% | +1.63% | $35.92B | 16.86% | $58.37B | 84.47 |
| 1987 | 2.50% | 1.44% | +1.06% | $45.18B | 19.13% | $67.79B | 86.99 |
| 1986 | 4.00% | 0.75% | +3.25% | $35.14B | 19.61% | $54.34B | 83.64 |
| 1985 | 4.00% | 3.44% | +0.56% | $28.24B | 21.13% | $45.25B | 77.39 |
| 1984 | 4.00% | 2.93% | +1.07% | $22.65B | 22.51% | $40.97B | 79.43 |
| 1983 | 4.00% | 2.96% | +1.04% | $23.78B | 21.23% | $46.80B | 83.22 |
| 1982 | 4.50% | 5.66% | -1.16% | $24.73B | 20.82% | $53.51B | 82.62 |
| 1981 | 6.00% | 6.48% | -0.48% | $24.78B | 19.91% | $47.08B | 78.65 |
| 1980 | 3.00% | 4.03% | -1.03% | $25.06B | 21.26% | $64.75B | 81.65 |
| 1979 | 2.00% | 3.63% | -1.63% | $27.05B | 22.30% | $59.07B | 89.81 |
| 1978 | 1.00% | 1.04% | -0.04% | $28.67B | 24.97% | $36.58B | 93.31 |
| 1977 | 1.50% | 1.30% | +0.20% | $19.39B | 21.75% | $24.03B | 81.85 |
| 1976 | 2.00% | 1.72% | +0.28% | $16.07B | 22.65% | $20.83B | 87.15 |
| 1975 | 3.00% | 6.74% | -3.74% | $13.35B | 20.57% | $18.69B | 83.67 |
| 1974 | 5.50% | 9.78% | -4.28% | $13.23B | 19.28% | $20.96B | 77.96 |
| 1973 | 4.50% | 8.73% | -4.23% | $9.93B | 20.35% | $14.35B | 73.97 |
| 1972 | 3.75% | 6.66% | -2.91% | $8.31B | 22.06% | $9.79B | 66.00 |
| 1971 | 3.75% | 6.57% | -2.82% | $7.15B | 22.19% | $7.43B | 64.57 |
| 1970 | 3.75% | 3.61% | +0.14% | $5.35B | 20.74% | $5.32B | 62.40 |
| 1969 | 3.75% | 2.49% | +1.26% | $4.73B | 20.44% | $4.44B | 64.03 |
| 1968 | 3.00% | 2.42% | +0.58% | $4.49B | 21.17% | $4.81B | 64.77 |
| 1967 | 3.00% | 4.03% | -1.03% | $3.81B | 19.15% | $3.71B | 63.67 |
| 1966 | 3.50% | 4.78% | -1.28% | $3.67B | 19.91% | $3.56B | 63.01 |
| 1965 | 2.50% | 3.41% | -0.91% | $3.53B | 20.50% | $3.45B | 62.26 |
| 1964 | 2.50% | 3.09% | -0.59% | $3.42B | 21.25% | $3.33B | 62.73 |
| 1963 | 2.00% | 3.44% | -1.44% | $3.22B | 22.18% | $3.13B | - |
| 1962 | 2.00% | 4.32% | -2.32% | $3.00B | 22.78% | $2.92B | - |
| 1961 | 2.00% | 1.84% | +0.16% | $2.83B | 23.74% | $2.77B | - |
| 1960 | 2.00% | 1.44% | +0.56% | $2.38B | 22.43% | $2.36B | - |
| 1959 | 2.00% | -0.64% | +2.64% | $2.11B | - | - | - |
| 1958 | 2.50% | 1.84% | +0.66% | $2.11B | - | - | - |
| 1957 | 2.50% | 1.96% | +0.54% | $2.00B | - | - | - |
| 1956 | 1.50% | 1.51% | -0.01% | $1.94B | - | - | - |
| 1955 | 1.50% | 0.93% | +0.57% | $1.80B | - | - | - |
| 1954 | 1.50% | 0.73% | +0.77% | $1.71B | - | - | - |
| 1953 | 1.50% | -0.70% | +2.20% | $1.63B | - | - | - |
| 1952 | 1.50% | 2.55% | -1.05% | - | - | - | - |
| 1951 | 1.50% | 4.77% | -3.27% | - | - | - | - |
| 1950 | 1.50% | -7.91% | +9.41% | - | - | - | - |
| 1949 | 1.50% | -0.82% | +2.32% | - | - | - | - |
| 1948 | 1.50% | 2.98% | -1.48% | - | - | - | - |
| 1947 | 1.50% | 4.49% | -2.99% | - | - | - | - |
| 1946 | 1.50% | -0.54% | +2.04% | - | - | - | - |
| 1945 | - | 0.68% | - | - | - | - | - |
| 1944 | - | 2.10% | - | - | - | - | - |
| 1943 | - | 5.12% | - | - | - | - | - |
| 1942 | - | 11.31% | - | - | - | - | - |
| 1941 | - | 15.32% | - | - | - | - | - |
| 1940 | - | 9.22% | - | - | - | - | - |
| 1939 | - | 0.77% | - | - | - | - | - |
| 1938 | - | 0.18% | - | - | - | - | - |
| 1937 | - | 4.84% | - | - | - | - | - |
| 1936 | - | 1.77% | - | - | - | - | - |
| 1935 | - | -1.02% | - | - | - | - | - |
| 1934 | - | -1.49% | - | - | - | - | - |
| 1933 | - | -5.04% | - | - | - | - | - |
| 1932 | - | -7.79% | - | - | - | - | - |
| 1931 | - | -5.23% | - | - | - | - | - |
| 1930 | - | -1.72% | - | - | - | - | - |
| 1929 | - | 0.11% | - | - | - | - | - |
| 1928 | - | 0.46% | - | - | - | - | - |
| 1927 | - | -1.14% | - | - | - | - | - |
| 1926 | - | -3.61% | - | - | - | - | - |
| 1925 | - | -0.32% | - | - | - | - | - |
| 1924 | - | 3.04% | - | - | - | - | - |
| 1923 | - | 0.18% | - | - | - | - | - |
| 1922 | - | -18.08% | - | - | - | - | - |