Ladies and gentlemen On behalf of the Governing Board, it is my pleasure as Chairman to welcome you to the SNB’s news conference. Petra Tschudin and I will begin by explaining the monetary policy decision and looking at inflation and economic developments. Antoine Martin will then present the Financial Stability Report. After our introductory remarks, we will as usual be pleased to take any questions you may have. Monetary policy decision I will begin with our monetary policy decision. We have decided to lower the SNB policy rate by 0.25 percentage points to 0%. The new policy rate applies from tomorrow, 20 June ... (full story)