Central Bank RatesSwitzerland: central bank policy rate
Last updated:
Policy rate0.00%Oct 6, 2026
For information only. Figures are reproduced from the cited sources, may be delayed or contain errors, and are not advice of any kind. Always check the original source. This is not investment advice. Translations on this site are not official BIS translations.
SinceJun 20, 2025cut -25 bp
1 year ago0.00%
Last 2 years (daily values)
Policy rate since 2000 (month-end values)
All changes since 2000
| Date | From | To | Change |
|---|---|---|---|
| Jun 20, 2025 | 0.25% | 0.00% | cut -25 bp |
| Mar 21, 2025 | 0.50% | 0.25% | cut -25 bp |
| Dec 13, 2024 | 1.00% | 0.50% | cut -50 bp |
| Sep 27, 2024 | 1.25% | 1.00% | cut -25 bp |
| Jun 21, 2024 | 1.50% | 1.25% | cut -25 bp |
| Mar 22, 2024 | 1.75% | 1.50% | cut -25 bp |
| Jun 23, 2023 | 1.50% | 1.75% | hike +25 bp |
| Mar 24, 2023 | 1.00% | 1.50% | hike +50 bp |
| Dec 16, 2022 | 0.50% | 1.00% | hike +50 bp |
| Sep 23, 2022 | -0.25% | 0.50% | hike +75 bp |
| Jun 17, 2022 | -0.75% | -0.25% | hike +50 bp |
| Jan 15, 2015 | -0.25% | -0.75% | cut -50 bp |
| Dec 18, 2014 | 0.125% | -0.25% | cut -38 bp |
| Aug 3, 2011 | 0.375% | 0.125% | cut -25 bp |
| Mar 12, 2009 | 0.50% | 0.375% | cut -12 bp |
| Dec 11, 2008 | 1.00% | 0.50% | cut -50 bp |
| Nov 20, 2008 | 2.00% | 1.00% | cut -100 bp |
| Nov 6, 2008 | 2.50% | 2.00% | cut -50 bp |
| Oct 8, 2008 | 2.75% | 2.50% | cut -25 bp |
| Sep 13, 2007 | 2.50% | 2.75% | hike +25 bp |
| Jun 14, 2007 | 2.25% | 2.50% | hike +25 bp |
| Mar 15, 2007 | 2.00% | 2.25% | hike +25 bp |
| Dec 14, 2006 | 1.75% | 2.00% | hike +25 bp |
| Sep 14, 2006 | 1.50% | 1.75% | hike +25 bp |
| Jun 15, 2006 | 1.25% | 1.50% | hike +25 bp |
| Mar 16, 2006 | 1.00% | 1.25% | hike +25 bp |
| Dec 15, 2005 | 0.75% | 1.00% | hike +25 bp |
| Sep 16, 2004 | 0.50% | 0.75% | hike +25 bp |
| Jun 17, 2004 | 0.375% | 0.50% | hike +12 bp |
| Mar 6, 2003 | 0.75% | 0.375% | cut -38 bp |
| Jul 26, 2002 | 1.25% | 0.75% | cut -50 bp |
| May 2, 2002 | 1.75% | 1.25% | cut -50 bp |
| Dec 7, 2001 | 2.25% | 1.75% | cut -50 bp |
| Sep 24, 2001 | 2.75% | 2.25% | cut -50 bp |
| Sep 18, 2001 | 3.25% | 2.75% | cut -50 bp |
| Mar 22, 2001 | 3.50% | 3.25% | cut -25 bp |
| Jun 15, 2000 | 3.00% | 3.50% | hike +50 bp |
| Mar 23, 2000 | 2.25% | 3.00% | hike +75 bp |
| Feb 3, 2000 | 1.75% | 2.25% | hike +50 bp |
Which rate is shown (BIS notes, in English)
From 13 June 2019 onwards SNB Policy rate; From 1 Jan 2000 to 12 June 2019 mid-point of the SNB target range; from 1 Jan 1946 to 31 Dec 1999: discount rate.
Changes by year
Method
We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).
About this page
The policy rate of Switzerland is 0.00% (BIS data as of Oct 6, 2026).