The Swiss National Bank held its policy rate at -0.75% and the interest rate it charges on overnight deposits it holds for commercial banks at -0.75% at its September 2021 meeting, as expected. Policymakers said they are maintaining an expansionary monetary policy with a view to ensuring price stability and providing ongoing support to the Swiss economy, despite early moves by the ECB and the US Fed to start normalising policy during the post-pandemic recovery. The central bank raised inflation forecasts for 2021 to 0.5% (vs 0.4% in June) and for 2022 to 0.7% (vs 0.6% in June), amid higher prices for oil products as well as supply bottlenecks. For 2023, inflation forecasts were kept unchanged at 0.6%. The GDP growth was revised lower to 3% for this year (vs 3.5% earlier) and it is likely to return to its pre-crisis level by the second-half of the year. The Bank reiterated its continued willingness to intervene in foreign exchange markets “as necessary” to temper the value of the franc. source: Swiss National Bank
Interest Rate in Switzerland averaged 0.60 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 October 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. In the long-term, the Switzerland Interest Rate is projected to trend around -0.75 percent in 2022, according to our econometric models.