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 December meeting, saying it is maintaining its expansionary monetary policy with a view to stabilizing economic activity and price developments. The central bank also pledged to intervene more strongly in the foreign exchange market due to the highly valued Swiss franc, a day after the Trump administration labelled Switzerland a currency manipulator. Policymakers noted that interest rates will probably remain at current levels until at least 2022, saying that the inflation rate is set to average -0.7 percent this year (vs -0.6 percent projected in September) and 0.0 percent in 2021 (vs 0.1 percent projected in September), before getting back into positive territory in 2022 (0.2 percent). source: Swiss National Bank
Interest Rate in Switzerland averaged 0.66 percent from 2000 until 2020, 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 December of 2020.
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 2021, according to our econometric models.