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Switzerland Interest Rate

Switzerland's interest rate held at 0% in September 2025, unchanged from July 2025. This stable rate aligns with low inflation, projected at 0.2% for 2025. The Swiss National Bank maintains this accommodative stance due to a weaker economic outlook. US tariffs are expected to reduce exports and investment, leading to an estimated GDP growth of 1% to 1.5% for 2025. The SNB's policy aims to foster economic growth while preserving price stability. Switzerland's record low interest rate was -0.75% in January 2015 and record high was 3.5% in June 2000.

Historical Data (2000-2025)

(in %)
Date Interest Rate
Sep 25, 2025 0%
Jul 31, 2025 0%
Jun 19, 2025 0%
Apr 30, 2025 0.25%
Mar 20, 2025 0.25%
Jan 31, 2025 0.5%
Dec 12, 2024 0.5%
Oct 31, 2024 1%
Sep 26, 2024 1%
Jul 31, 2024 1.25%
Jun 20, 2024 1.25%
Apr 30, 2024 1.5%
Mar 21, 2024 1.5%
Jan 31, 2024 1.75%
Dec 14, 2023 1.75%
Oct 31, 2023 1.75%
Sep 21, 2023 1.75%
Jul 31, 2023 1.75%
Jun 22, 2023 1.75%
Apr 30, 2023 1.5%
Mar 23, 2023 1.5%
Jan 31, 2023 1%
Dec 15, 2022 1%
Oct 31, 2022 0.5%
Sep 22, 2022 0.5%
Jul 31, 2022 -0.25%
Jun 16, 2022 -0.25%
Apr 30, 2022 -0.75%
Mar 24, 2022 -0.75%
Jan 31, 2022 -0.75%
Dec 16, 2021 -0.75%
Oct 31, 2021 -0.75%
Sep 23, 2021 -0.75%
Jul 31, 2021 -0.75%
Jun 17, 2021 -0.75%
Apr 30, 2021 -0.75%
Mar 25, 2021 -0.75%
Jan 31, 2021 -0.75%
Dec 17, 2020 -0.75%
Oct 31, 2020 -0.75%
Sep 24, 2020 -0.75%
Jul 31, 2020 -0.75%
Jun 18, 2020 -0.75%
Apr 30, 2020 -0.75%
Mar 19, 2020 -0.75%
Jan 31, 2020 -0.75%
Dec 12, 2019 -0.75%
Oct 31, 2019 -0.75%
Sep 19, 2019 -0.75%
Jul 31, 2019 -0.75%
Jun 13, 2019 -0.75%
Apr 30, 2019 -0.75%
Mar 21, 2019 -0.75%
Jan 31, 2019 -0.75%
Dec 13, 2018 -0.75%
Oct 31, 2018 -0.75%
Sep 20, 2018 -0.75%
Jul 31, 2018 -0.75%
Jun 21, 2018 -0.75%
Apr 30, 2018 -0.75%
Mar 15, 2018 -0.75%
Jan 31, 2018 -0.75%
Dec 14, 2017 -0.75%
Oct 31, 2017 -0.75%
Sep 14, 2017 -0.75%
Jul 31, 2017 -0.75%
Jun 15, 2017 -0.75%
Apr 30, 2017 -0.75%
Mar 16, 2017 -0.75%
Jan 31, 2017 -0.75%
Dec 15, 2016 -0.75%
Oct 31, 2016 -0.75%
Sep 15, 2016 -0.75%
Jul 31, 2016 -0.75%
Jun 16, 2016 -0.75%
Apr 30, 2016 -0.75%
Mar 17, 2016 -0.75%
Jan 31, 2016 -0.75%
Dec 10, 2015 -0.75%
Oct 31, 2015 -0.75%
Sep 17, 2015 -0.75%
Jan 15, 2015 -0.75%
Dec 18, 2014 -0.5%
Aug 03, 2011 0.12%
Mar 12, 2009 0.38%
Dec 11, 2008 0.5%
Nov 06, 2008 2%
Oct 08, 2008 2.5%
Sep 13, 2007 2.75%
Jun 14, 2007 2.5%
Mar 15, 2007 2.25%
Dec 14, 2006 2%
Sep 14, 2006 1.75%
Jun 15, 2006 1.5%
Mar 16, 2006 1.25%
Dec 15, 2005 1%
Sep 16, 2004 0.75%
Jun 17, 2004 0.5%
Mar 06, 2003 0.25%
Jul 26, 2002 0.75%
May 02, 2002 1.25%
Dec 07, 2001 1.75%
Sep 24, 2001 2.25%
Mar 22, 2001 3.25%
Jun 15, 2000 3.5%
Mar 23, 2000 3%
Feb 03, 2000 2.25%
Jan 01, 2000 1.75%

Recent Events

datetime event actual previous consensus
2025-09-25 03:30 AM SNB Interest Rate Decision 0% 0% 0%

Next Release Date :

Switzerland Interest Rate : Definition
The Interest Rate set by the Swiss National Bank is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.