What happened in the third quarter of 2026?
- Switzerland: the economy continues to grow, driven by the chemical and pharmaceutical sector. Inflation is edging up slightly but remains within the range of price stability, with the SNB keeping rates at 0%
- Central banks: in response to renewed inflationary pressures, both the Fed and the ECB raised rates by 25 basis points. For the Fed, this is its first hike in more than three years
- Markets: AI continues to drive equities, which close in positive territory. A tougher picture for bonds: the US 10-year Treasury yield jumps by 82 basis points, a move not seen in over 30 years
These are just some of the themes that characterized the third quarter of 2026. Discover more details and other insights by browsing through our quarterly report.