The Swiss National Bank raised its policy rate by 50 bps to 1% in its December meeting, following a 75 bps rate hike in September and bringing borrowing costs the highest since 2008 and said that additional rises in the SNB policy rate might be necessary to ensure price stability over the medium term. To provide appropriate monetary conditions, the SNB is also willing to be active in the foreign exchange market as necessary. The central bank now sees average annual inflation at 2.9% for 2022 (compared to previous projections of 3.0%), 2.4% for 2023 (the same as in September) and 1.8% for 2024 (from 1.7%). source: Swiss National Bank
Interest Rate in Switzerland averaged 0.56 percent from 2000 until 2022, 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 2023.
Interest Rate in Switzerland is expected to be 1.00 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 2.00 percent in 2023 and 1.00 percent in 2024, according to our econometric models.