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    1. Home
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    3. >Swiss National Bank expects slight increase in inflation
    Headlines

    Swiss National Bank Expects Slight Increase in Inflation

    Published by Global Banking & Finance Review®

    Posted on October 22, 2025

    1 min read

    Last updated: January 21, 2026

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    Tags:monetary policyeconomic growthfinancial stability

    Quick Summary

    The Swiss National Bank anticipates a slight inflation rise, citing stable economic indicators and potential impacts from U.S. tariffs.

    Swiss National Bank Anticipates Modest Rise in Inflation Ahead

    Swiss National Bank's Inflation Expectations

    ZURICH (Reuters) -Swiss inflation is likely to rise slightly in the coming quarters, Swiss National Bank Chairman Martin Schlegel said on Wednesday, with economic indicators pointing to stable situation with moderate growth.

    Impact of U.S. Tariffs on Inflation

    "Uncertainty remains high. With the announced but currently suspended U.S. tariffs on certain pharmaceutical products, the downside risks could increase somewhat," Schlegel said, according to slides prepared for an SNB event in Belp, central Switzerland.

    Monitoring Economic Indicators

    The SNB will continue to monitor the situation and adjust its monetary policy if necessary to ensure price stability in the medium term, the slides said.

    (Reporting by John Revill and Miranda Murray)

    Table of Contents

    • Swiss National Bank's Inflation Expectations
    • Impact of U.S. Tariffs on Inflation
    • Monitoring Economic Indicators

    Key Takeaways

    • •Swiss National Bank expects a slight rise in inflation.
    • •Economic indicators show a stable situation with moderate growth.
    • •U.S. tariffs on pharmaceuticals could increase downside risks.
    • •SNB will monitor and adjust monetary policy for price stability.
    • •Martin Schlegel highlights ongoing economic uncertainties.

    Frequently Asked Questions about Swiss National Bank expects slight increase in inflation

    1What is inflation?

    Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.

    2What is monetary policy?

    Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to influence economic activity.

    3
    What is a central bank?

    A central bank is a national institution that manages a country's currency, money supply, and interest rates.

    4What are economic indicators?

    Economic indicators are statistics that provide information about the economic performance of a country, such as GDP, unemployment rates, and inflation.

    5What is financial stability?

    Financial stability refers to a condition where the financial system operates effectively and can withstand economic shocks.

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