The Swiss National Bank (SNB) intervened very cautiously in the foreign exchange market in the third quarter of 2025. Between July and September, it purchased foreign currency worth just CHF75 million ($94 million) in order to slow down the further rise of the Swiss franc. +Get the most important news from Switzerland in your inbox This is according to statistics on the SNB's foreign exchange transactions published on Wednesday. The central bank announces its interventions for a given quarter at the end of the following quarter. The SNB does not comment on its actions on the foreign exchange market itself. In its monetary policy assessments, it merely repeats that it is prepared to intervene on the foreign exchange market if necessary. The interventions in the third quarter followed the key interest rate cut of a further 25 basis points to 0% in June. They also coincided with the US imposing heavy tariffs on Switzerland. On Switzerland's national holiday on August 1, US President ...
