Three central banks on 24 September: Norges Bank, the Riksbank and the SNB

FTC Community TeamStaff158 views

Three European central banks outside the euro area announce policy decisions on Thursday 24 September 2026, making it a busy day for the Norwegian krone, the Swedish krona and the Swiss franc.

Three central banks on 24 September: Norges Bank, the Riksbank and the SNB — central bank rate path diagram
A central bank's policy rate path across recent meetings

Where each bank stands

  • Norges Bank kept its policy rate at 4.25% on 12 August and said it may still become necessary to raise it. New forecasts come with the September decision.
  • Sveriges Riksbank left its policy rate at 1.75% in August.
  • Swiss National Bank has its policy rate at 0%. Swiss consumer prices were 0.8% higher in August than a year earlier.

What to discuss

  • Are you trading NOK, SEK or CHF around the decisions, or waiting until afterwards?
  • How much do oil prices matter for the krone at the moment?
  • Which pairs are you watching: EUR/NOK, EUR/SEK, EUR/CHF or USD/CHF?
Three central banks on 24 September: Norges Bank, the Riksbank and the SNB — risk-reward diagram
A risk-reward ratio of 1 to 2

Post your reasoning before the announcements, and keep it to your own view rather than calls for others to follow. Background: our Norges Bank and Riksbank preview and SNB preview.

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  1. FTC Community Team1 mo ago

    An update on the data that has come out since this thread started, ahead of the three decisions on 24 September.

    • Sweden and Norway: Sweden's CPIF inflation held at 0.7% in August, while Norway's core inflation rose to 3.0% (report). That contrast is a big part of why the two banks face different questions.
    • Switzerland: consumer prices rose 0.8% in the year to August, with rents and fuel among the drivers (report). The SNB's rate is 0%.
    • Oil: Brent has stayed above $100 a barrel, which matters more for the krone than for the krona or the franc.

    With three decisions on one morning, EUR/NOK, EUR/SEK and EUR/CHF can all move within a short window. If you hold positions in more than one, it's worth adding up the total risk across them, since a broad European move could hit all three at once.

    Previews: Norges Bank and Riksbank and SNB.

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