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%during its June 2021 meeting, in line with expectations. Policymakers said they are maintaining an expansionary monetary policy with a view to ensuring price stability and providing ongoing support to the Swiss economy in its recovery from the impact of the coronavirus pandemic. The central bank raised inflation forecasts to 0.4% (vs 0.2% in March) in 2021 and 0.6% for both 2022 and 2023, amid higher prices for oil products and tourism-related services, as well as for goods affected by supply bottlenecks. GDP growth was also revised higher to 3.5% for this year and it is likely to return to its pre-crisis level by the middle of the year. 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 July 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.