Switzerland interest rate: Swiss National Bank policy rate
The Swiss National Bank policy rate is 0.00%, in force since Jun 20, 2025. Source: Bank for International Settlements, data to Oct 27, 2026. Cut from 0.25% on Jun 20, 2025.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Jun 20, 2025 | 0.00% | -0.25 |
| Mar 21, 2025 | 0.25% | -0.25 |
| Dec 13, 2024 | 0.50% | -0.50 |
| Sep 27, 2024 | 1.00% | -0.25 |
| Jun 21, 2024 | 1.25% | -0.25 |
| Mar 22, 2024 | 1.50% | -0.25 |
| Jun 23, 2023 | 1.75% | +0.25 |
| Mar 24, 2023 | 1.50% | +0.50 |
| Dec 16, 2022 | 1.00% | +0.50 |
| Sep 23, 2022 | 0.50% | +0.75 |
| Jun 17, 2022 | -0.25% | +0.50 |
| Jan 1, 2016 | -0.75% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Switzerland?
The Swiss National Bank policy rate is 0.00% (since Jun 20, 2025).
When did the Swiss National Bank last change its policy rate?
On Jun 20, 2025, from 0.25% to 0.00%.
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