The Swiss National Bank (SNB) cut its key policy rate by 50bps to 0.5% in December 2024, exceeding market expectations for a smaller 25bps cut. This marks the fourth straight rate reduction and the steepest since January 2015, bringing borrowing costs to their lowest since November 2022. The decision comes as inflation eases, dropping from 1.1% in August to 0.7% in November, driven by lower costs in domestic services, oil, and food. Inflation is forecast to average 1.1% in 2024, 0.3% in 2025, and 0.8% in 2026, staying within the SNB's target range. Swiss GDP is expected to grow around 1% this year, with slight improvement to 1–1.5% in 2025, supported by recent rate cuts. However, rising unemployment, slower production, and global uncertainties—like geopolitical tensions and unclear policy directions abroad—pose risks to the economic outlook. source: Swiss National Bank
The benchmark interest rate in Switzerland was last recorded at 0.50 percent. Interest Rate in Switzerland averaged 0.62 percent from 2000 until 2024, reaching an all time high of 3.50 percent in June of 2000 and a record low of -0.75 percent in January of 2015. This page provides - Switzerland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.
The benchmark interest rate in Switzerland was last recorded at 0.50 percent. Interest Rate in Switzerland is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Interest Rate is projected to trend around 0.25 percent in 2025 and 0.75 percent in 2026, according to our econometric models.