Swiss National Bank · SNB policy rate
Switzerland · CHF · Policy rate
The Swiss National Bank’s SNB policy rate is 0.00 %, last changed on 20 Jun 2025 when it was cut by 25 bp from 0.25 %. The next scheduled decision is on .
0.00 %
- Last change
- cut −25 bp·announced 19 Jun 2025
- Previous rate
- 0.25 %
- Next decision
- Latest observation
- Source
- BIS
0.00 % ·
2 Nov 2021-0.75 – 1.75 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 0.00 % | hold | |
| 0.00 % | hold | |
| 0.00 % | hold | |
| 0.00 % | hold | |
| 0.00 % | hold | |
| announced 19 Jun 2025 | 0.00 % | −25 bp |
| announced 20 Mar 2025 | 0.25 % | −25 bp |
| 0.50 % | −50 bp | |
| 1.00 % | −25 bp |
Changes are dated by when they took effect; holds by the announcement day.
At a glance
- Economy
- Switzerland
- Currency
- CHF
- Type
- Policy rate
- Set by
- Swiss National Bank
- History since
- 1946
- Changes in the last 12 months
- 0
Questions and answers
- What is the current Swiss National Bank interest rate?
- The Swiss National Bank’s SNB policy rate is 0.00 %, last changed on 20 Jun 2025 when it was cut by 25 bp from 0.25 %.
- When did the Swiss National Bank last change its rate?
- On 20 Jun 2025, when the SNB policy rate was cut by 25 bp to 0.00 % from 0.25 %.
- What did the Swiss National Bank decide at its last meeting?
- On 24 Sep 2026 it held the SNB policy rate at 0.00 %.
- When is the next Swiss National Bank rate decision?
- The next scheduled announcement is on 10 Dec 2026.
Decisions by year since 2022
2026no net change
| Date | Rate | Change |
|---|---|---|
| 0.00 % | hold | |
| 0.00 % | hold | |
| 0.00 % | hold |
2025net −50 bp
| Date | Rate | Change |
|---|---|---|
| 0.00 % | hold | |
| 0.00 % | hold | |
| announced 19 Jun 2025 | 0.00 % | −25 bp |
| announced 20 Mar 2025 | 0.25 % | −25 bp |
2024net −125 bp
| Date | Rate | Change |
|---|---|---|
| 0.50 % | −50 bp | |
| 1.00 % | −25 bp | |
| 1.25 % | −25 bp | |
| 1.50 % | −25 bp |
2023net +75 bp
| Date | Rate | Change |
|---|---|---|
| 1.75 % | +25 bp | |
| 1.50 % | +50 bp |
2022net +175 bp
| Date | Rate | Change |
|---|---|---|
| 1.00 % | +50 bp | |
| 0.50 % | +75 bp | |
| -0.25 % | +50 bp |
Other rates in Europe
- Euro area · European Central Bank2.50 %
- United Kingdom · Bank of England3.75 %
- Sweden · Sveriges Riksbank1.75 %
- Norway · Norges Bank4.50 %
- Czechia · Czech National Bank3.75 %
- Denmark · Danmarks Nationalbank2.10 %
- Hungary · Magyar Nemzeti Bank5.50 %
- Iceland · Central Bank of Iceland8.00 %
- North Macedonia · National Bank of the Republic of North Macedonia4.25 %
- Poland · Narodowy Bank Polski3.75 %
- Romania · National Bank of Romania6.50 %
- Russia · Bank of Russia14.00 %
- Serbia · National Bank of Serbia5.75 %
- Türkiye · Central Bank of the Republic of Türkiye36.00 %
Source: BIS central bank policy rates. Latest observation 27 Oct 2026. Refreshed every 30 minutes.