Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
SZ SNB Policy Rate
It's an important driver of commodity demand - lower interest rates decrease carrying costs. Reduced costs to store goods will spur companies to make investments in raw materials, leading to higher inventory levels;
This rate is the SNB's main operating target. The decision is usually priced into the market, so it tends to be overshadowed by the Monetary Policy Assessment, which is focused on the future. Source first released in Jun 2019;
- SZ SNB Policy Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Mar 19, 2026 | 0.00% | 0.00% | 0.00% |
| Dec 11, 2025 | 0.00% | 0.00% | 0.00% |
| Sep 25, 2025 | 0.00% | 0.00% | 0.00% |
| Jun 19, 2025 | 0.00% | 0.00% | 0.25% |
| Mar 20, 2025 | 0.25% | 0.25% | 0.50% |
| Dec 12, 2024 | 0.50% | 0.75% | 1.00% |
| Sep 26, 2024 | 1.00% | 1.00% | 1.25% |
| Jun 20, 2024 | 1.25% | 1.50% | 1.50% |
- Details
Specs
Source:
Measures:
Interest rate the SNB seeks to maintain in the short-term money market;
Usual Effect:
'Actual' less than 'Forecast' is good for energy prices;
Frequency:
Scheduled quarterly;
Derived Via:
SNB Governing Board members come to a consensus on where to set the policy rate;
Also Called:
Interest Rates;
Acro Expand:
Swiss National Bank (SNB);
Event Type:
Central Bank