Switzerland Interest Rate

Last Release
Sep 2019
Actual
-0.75 %
Forecast
-0.75 %
Previous
-0.75 %
Frequency
Daily
Units In
%
Next Release
Dec 12, 2019
Time to Release
1 Months 18 Days 23 Hours
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Highest
Lowest
Average
Date Range
Source
3.5 %}
Dec 2000
-0.75 %
Nov 2018
0.73 %2000 - 2019Swiss National Bank
The SNB implements its monetary policy by fixing a target range for the reference interest rate, the Libor (London Interbank Offered Rate) for three-month interbank loans in Swiss francs. The target range normally has a bandwidth of 100 basis points (one percentage point) and, as a rule, the SNB holds the Libor in the middle of the defined range. As interest rates increasingly approached zero in the wake of the financial crisis, the Libor target range was narrowed. From 6 September 2011 to 15 January 2015, the main focus of implementation was on the minimum exchange rate of CHF 1.20 per euro, which the SNB enforced during this period. On 18 December 2014, the SNB decided to impose an interest rate of -0.25% on sight deposit account balances. With the announcement of a negative interest rate, the target range for the Libor was taken into negative territory for the first time, and extended to its usual width of 1 percentage point. On 15 January 2015, the SNB lowered the interest rate on sight deposits to -0.75% and moved the target range downwards to between -1.25% and -0.25%. Negative interest has applied since 22 January 2015.

Latest Updates

The Swiss National Bank held the SNB policy rate at -0.75 percent during its September meeting, saying that the expansionary monetary policy continues to be necessary given the latest international developments and the inflation outlook. Policymakers agreed that the situation on the foreign exchange market is still fragile, while the Swiss franc remains highly valued.

Switzerland Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 19, 201907:47SNB Holds Policy Rate at -0.75%
Jun 13, 201907:51SNB Holds Rates, Raises Inflation Outlook
Mar 21, 201908:45Switzerland Keeps Rates Steady, Lowers Inflation Forecasts
DATETIMEEVENT
Nov 3, 201515:00SNB Chair Jordan Speech
Sep 21, 201505:00SNB Monthly Bulletin
Sep 1, 201514:00SNB Chair Jordan Speech
Aug 21, 201505:00SNB Monthly Bulletin
Jun 25, 201506:00SNB Chair Jordan Speech
Jun 18, 201502:30SNB Financial Stability Report
Apr 24, 201506:00SNB Chair Jordan Speaks

A Look at the Markets

Educational Pieces on Marco Indicators

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Switzerland money Indicators

All Switzerland indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
2,019,456.26
Jul 2019
2,018,681.57
Jun 2019
595,832
Dec 1987
2,023,736.83
Aug 2018
CHF MillionMonthly1987 - 2019
Central Bank Balance Sheet
846,072.81
Aug 2019
841,830.25
Jul 2019
68,322.2
Jan 1997
846,072.81
Aug 2019
CHF MillionMonthly1996 - 2019
Deposit Interest Rate
-0.41
Aug 2019
-0.36
Jul 2019
-0.41
Aug 2019
9.75
Oct 1981
%Monthly1974 - 2019
Foreign Exchange Reserves
776,946.5
Sep 2019
766,964.1
Aug 2019
42,137.6
Apr 2005
776,946.5
Sep 2019
CHF MillionMonthly1999 - 2019
Interbank Rate
-0.77
Oct 2019
-0.77
Oct 2019
-0.96
Jan 2015
10
Jan 1990
%Daily1986 - 2019
Interest Rate
-0.75
Sep 2019
-0.75
Aug 2019
-0.75
Nov 2018
3.5
Dec 2000
%Daily2000 - 2019

Interest Rate across Europe

Interest Rate global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
1
Oct 2019
1
Sep 2019
1
Nov 2018
8.5
Nov 2002
%Daily2001 - 2019
Armenia
5.5
Sep 2019
5.75
Aug 2019
5.5
Sep 2019
10.5
Jun 2015
%Daily2010 - 2019
Euro Area
0
Sep 2019
0
Aug 2019
0
Oct 2018
4.75
Apr 2001
%Daily1998 - 2019
Belarus
9.5
Oct 2019
9.5
Sep 2019
9.5
Aug 2019
480
Nov 1994
%Daily1991 - 2019
Bosnia and Herzegovina
3.1
Aug 2019
3.06
Jul 2019
3.06
Jul 2019
80.25
Jan 1999
%Monthly1998 - 2019
Croatia
2.5
Sep 2019
2.5
Aug 2019
2.5
Nov 2018
4,290.85
Sep 1993
%Daily1992 - 2019
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