Data · policy rate · Switzerland

Swiss National Bank interest rate history

The Swiss National Bank’s snb policy rate stands at 0.00% (as of Oct 13, 2026). Its last move was −25 bp on Jun 20, 2025, from 0.25% to 0.00%. Since 2000 it has raised rates 18 times and cut them 21 times; the high was 3.50% in 2000.

SNB policy rate
0.00%
Last move
−25 bp
Jun 20, 2025
12-month change
0 bp
0 moves

SNB policy rate since 2000

-1%0%1%2%3%20052010201520202025

Source: BIS central bank policy rates. Before June 2019: the midpoint of the SNB's 3-month Libor target range.

Every rate change

EffectiveNew rateChange
Jun 20, 20250.00%−25 bp
Mar 21, 20250.25%−25 bp
Dec 13, 20240.50%−50 bp
Sep 27, 20241.00%−25 bp
Jun 21, 20241.25%−25 bp
Mar 22, 20241.50%−25 bp
Jun 23, 20231.75%+25 bp
Mar 24, 20231.50%+50 bp
Dec 16, 20221.00%+50 bp
Sep 23, 20220.50%+75 bp
Jun 17, 2022-0.25%+50 bp
Jan 15, 2015-0.75%−50 bp
Dec 18, 2014-0.25%−37 bp
Aug 3, 20110.13%−25 bp
Mar 12, 20090.38%−12 bp
Dec 11, 20080.50%−50 bp
Nov 20, 20081.00%−100 bp
Nov 6, 20082.00%−50 bp
Oct 8, 20082.50%−25 bp
Sep 13, 20072.75%+25 bp
Jun 14, 20072.50%+25 bp
Mar 15, 20072.25%+25 bp
Dec 14, 20062.00%+25 bp
Sep 14, 20061.75%+25 bp
Jun 15, 20061.50%+25 bp
Mar 16, 20061.25%+25 bp
Dec 15, 20051.00%+25 bp
Sep 16, 20040.75%+25 bp
Jun 17, 20040.50%+13 bp
Mar 6, 20030.38%−37 bp
Jul 26, 20020.75%−50 bp
May 2, 20021.25%−50 bp
Dec 7, 20011.75%−50 bp
Sep 24, 20012.25%−50 bp
Sep 18, 20012.75%−50 bp
Mar 22, 20013.25%−25 bp
Jun 15, 20003.50%+50 bp
Mar 23, 20003.00%+75 bp
Feb 3, 20002.25%+50 bp
Jan 3, 20001.75%start of series

What the SNB is saying

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