Swiss National Bank releases Quarterly Bulletin for Q2 2025
The SNB's latest Quarterly Bulletin outlines monetary policy stance, inflation outlook and economic assessments for Switzerland in the second quarter of 2025.

The Swiss National Bank (SNB) published its Quarterly Bulletin for the second quarter of 2025, detailing the central bank’s assessment of Switzerland’s economic conditions, inflation trajectory and monetary policy framework.
The report, released on Wednesday, provides an analysis of global and domestic economic developments, including inflation dynamics, labor market conditions and financial market stability. The SNB’s assessment reflects its ongoing monitoring of price pressures and growth prospects in the Swiss economy.
The Quarterly Bulletin also includes projections for inflation and economic growth, based on the SNB’s baseline scenario. These projections are informed by current policy settings, external demand conditions and domestic economic indicators.
The document serves as a key communication tool for the SNB, offering transparency on its decision-making process and the factors influencing monetary policy. It is published in conjunction with the bank’s monetary policy assessments and interest rate decisions.
Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.
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