The Swiss National Bank held its policy rate at -0.75 percent and the interest rate it charges on overnight deposits it holds for commercial banks at -0.75 percent during its March meeting, saying the Swiss franc remains highly valued, despite the recent weakening, and the coronavirus pandemic continues to have a strong adverse effect on the economy. Policymakers noted that the recovery is likely to regain momentum from the second quarter, helped by the expected progress with vaccination programmes, alongside the monetary and fiscal policy measures introduced worldwide. Looking forward, the SNB continues to expect GDP growth of 2.5 percent to 3 percent for 2021, as the containment measures in Switzerland will be eased further in the coming months, while inflation forecasts for 2021 and 2022 were revised higher, due to the rise in oil prices and the weaker Swiss franc. The forecast now stands at 0.2 percent for 2021, 0.4 percent for 2022 and 0.5 percent for 2023. source: Swiss National Bank
Interest Rate in Switzerland averaged 0.62 percent from 2000 until 2021, 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 June of 2021.
Interest Rate in Switzerland is expected to be -0.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Switzerland to stand at -0.75 in 12 months time. In the long-term, the Switzerland Interest Rate is projected to trend around -0.75 percent in 2022, according to our econometric models.