Source: https://whitepips.com/economic-calendar/snb-rate-decision Summary: SNB rate decision release time: quarterly, on a Thursday, usually 3:30 AM New York time. What traders watch, the symbols it moves and the WhitePips rules. Last updated: 2026-10-28 # SNB rate decision: release time and what it moves Swiss National Bank (SNB). Usually a Thursday, usually at 3:30 AM New York time. What it is, what traders watch and how the WhitePips rules treat trading around it. - **Quarterly** how often - **3:30 AM** New York time - **Red** usual calendar rating ### SNB on this week's calendar Loading this week's calendar… Times in your own time zone and in New York; releases already out are dimmed. Red is high impact, Amber medium; the ratings are the calendar feed's. ## What SNB is ### SNB rate decision The Swiss National Bank sets the SNB policy rate four times a year. It also watches the franc closely: a strong franc lowers import prices, so the SNB can say it is ready to sell francs in the market, and that can matter as much as the rate. With only four meetings a year, each one carries more weight, and the SNB has surprised markets before. ### When it comes out - **Published by**: Swiss National Bank (SNB) - **How often**: Quarterly: March, June, September and December - **Usual day**: Usually a Thursday - **Usual time**: 3:30 AM New York; 9:30 AM Swiss time: 07:30 UTC in summer, 08:30 UTC in winter; the press conference follows at 10:00 AM - **On the calendar as**: SNB Policy Rate , SNB Monetary Policy Assessment , SNB Press Conference - **Usual rating**: Red ### What traders watch ### The policy rate Against the market's pricing; Swiss rates sit close to zero, so even a small move matters. ### The franc What the Bank says about intervening in the currency market. ### The inflation forecast Switzerland's inflation is low, and the forecast shows how much room the SNB has. ## Symbols SNB moves The WhitePips symbols that usually react most to SNB. Each page has the pip or point value, a lot-size example and the commission on every plan. [**USDCHF** (US dollar / Swiss franc)](https://whitepips.com/symbols/usdchf) [**EURCHF** (Euro / Swiss franc)](https://whitepips.com/symbols/eurchf) [**GBPCHF** (British pound / Swiss franc)](https://whitepips.com/symbols/gbpchf) [**CHFJPY** (Swiss franc / Japanese yen)](https://whitepips.com/symbols/chfjpy) [**SUI20** (Switzerland 20)](https://whitepips.com/symbols/sui20) ## Trading SNB at WhitePips ### CFD plans Every plan, every stage **News trading is permitted on every CFD plan.** You may open, hold and close positions before, during and after economic releases on every CFD plan, in the evaluation and once funded. There is no restricted window around a release on a CFD account, and no profit is removed because a trade was placed around news. **News straddling is not permitted.** On every CFD plan, you may not open straddled, offsetting or hedged exposure on the same or correlated instruments within 15 minutes before or after a scheduled Red or Amber (high or medium impact) economic event, a company earnings release, or a major geopolitical announcement, where the purpose is to capture the volatility of the event rather than to take a view on its outcome. Placing a buy and a sell (or a buy stop and a sell stop) on the same instrument, or opposite positions on correlated instruments such as EURUSD and USDCHF, so that whichever way the price jumps one side profits, is straddling. A single position, or positions in one direction, taken on your own view of the release is not. Trading Rules, sections 11.1 and 11.2. Each straddle is detected and referred to the risk desk, never penalised automatically. ### Futures plans One Step funded, Instant **Futures plans.** On the futures plans news trading is permitted during the One Step evaluation. On a funded futures account (One Step funded and Instant) no trade may be opened or closed from two minutes before to two minutes after a high-impact release; a position opened before the window may be held through it. Profit from such a trade is removed and the loss stays. The first and second violations are warnings, and the third is referred for compliance review. A news trading violation never ends an account automatically. The releases are those marked as high impact in the economic calendar shown in the dashboard or notified to you. Trading Rules, section 11.4. **CFD plans: no straddling** (3:15 AM to 3:45 AM New York) **Funded futures: no trade opened or closed** (3:28 AM to 3:32 AM) SNB 3:30 AM −20 min −15 −2 +2 +15 +20 min A single position taken on your own view, before or after the release, is fine on every CFD plan. On a funded futures account a position opened before the two-minute window may be held through it. [Section 11 of the Trading Rules](https://whitepips.com/legal/trading-rules#news-trading) [News trading, explained](https://whitepips.com/rules#rule-cfd-news-trading) ## SNB: questions **What time is SNB released?** Usually at 3:30 AM New York time: 9:30 AM Swiss time: 07:30 UTC in summer, 08:30 UTC in winter; the press conference follows at 10:00 AM. Usually a Thursday. **How often is SNB released?** Quarterly: March, June, September and December. Usually a Thursday. The exact dates are set by the Swiss National Bank (SNB); the dashboard's economic calendar shows the coming week. **Can I trade SNB on a WhitePips account?** On every CFD plan, yes: news trading is allowed in the evaluation and once funded. What is not allowed is straddling, opening both directions (or offsetting positions on correlated instruments) within 15 minutes either side of a Red or Amber release to catch the spike; the risk desk reviews it. On a funded futures account, no trade may be opened or closed from two minutes before to two minutes after a high-impact release. **Which markets move most on SNB?** On the WhitePips platforms: USDCHF, EURCHF, GBPCHF, CHFJPY, SUI20. **Why does the SNB matter for EURCHF?** The franc is a safe haven that rises in risk-off markets, and the SNB is the one buyer or seller big enough to lean against it. Its view on the franc moves EURCHF directly. ## More releases [Central bank · USD **FOMC rate decision** Eight a year, on a Wednesday, 2:00 PM New York. Explained](https://whitepips.com/economic-calendar/fomc-rate-decision) [Central bank · EUR **ECB rate decision** Eight a year, on a Thursday, 8:15 AM New York. Explained](https://whitepips.com/economic-calendar/ecb-rate-decision) [Central bank · GBP **BoE rate decision** Eight a year, on a Thursday, 7:00 AM New York. Explained](https://whitepips.com/economic-calendar/boe-rate-decision) [Central bank · JPY **BoJ rate decision** Eight a year, at the end of a two-day meeting, around midday Tokyo time. Explained](https://whitepips.com/economic-calendar/boj-rate-decision) [The whole economic calendar](https://whitepips.com/economic-calendar) ## Put the numbers to work Every plan, size and price, with the rules printed before you buy. News trading is allowed on every CFD plan. 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