Cash Rate

Swiss National Bank, via BIS

Switzerland SNB policy rate

0.00%

−0.25 pp last change (19 Jun 2025)

As of 17 Sep 2026 | Daily (policy rate; changes on decision days)

Mean
2.10%
Median
1.75%
Min
-0.75% 15 Jan 2015
Max
7.00% 16 Aug 1991
DateRate
17 Sep 20260.00
31 Aug 20260.00
31 Jul 20260.00
30 Jun 20260.00
31 May 20260.00
30 Apr 20260.00
31 Mar 20260.00
28 Feb 20260.00
31 Jan 20260.00
31 Dec 20250.00
30 Nov 20250.00
31 Oct 20250.00
30 Sep 20250.00
31 Aug 20250.00
31 Jul 20250.00
30 Jun 20250.00
31 May 20250.25
30 Apr 20250.25
31 Mar 20250.25
28 Feb 20250.50
31 Jan 20250.50
31 Dec 20240.50
30 Nov 20241.00
31 Oct 20241.00

About the SNB policy rate

Swiss National Bank policy rate, from the BIS policy-rate data set (WS_CBPOL, CH). Current: 0.00% on 17 Sep 2026. Since June 2019 this is the SNB policy rate; 2000–2019 is the mid-point of the target range; earlier years are the discount rate.

The chart is a step at policy changes. From 1 Jan 1946 to 17 Sep 2026 (29,480 observations): mean 2.10%, median 1.75%; low -0.75% (15 Jan 2015), high 7.00% (16 Aug 1991). Not a mortgage or deposit rate. This page is not an official BIS publication.

Source: BIS central bank policy rates (WS_CBPOL), Switzerland daily. Licence: BIS statistics: unrestricted reuse with attribution; inclusion must not add a charge to users. This page is not an official BIS publication (terms). Files: data/raw/bis-ch-policy.json.

Reading this series

The Swiss National Bank's policy rate is the rate the SNB uses to steer monetary conditions in Switzerland. This page uses the BIS central bank policy rate series for Switzerland (WS_CBPOL), compiled with the SNB. Since June 2019 the series is the SNB policy rate; from 2000 to 2019 it is the mid-point of the SNB's target range for the three-month Libor, and earlier years are the discount rate. The BIS stitches these instruments into one comparable series, and the rate changes only at SNB decisions, so it is drawn as daily steps.

Read the headline with its as-of date, then the "versus the previous reading" line; when the rate has been held, the page shows the date of the last actual move. Mean, median, low and high are arithmetic summaries of the observations in this build, not official aggregates. Chart and Table show the same series two ways, range buttons filter the drawn window, and Explore loads zoom and pan on request. The policy rate is not a mortgage or deposit rate, and this page is not an official BIS publication.

About this desk

The Switzerland desk leads with the SNB policy rate, from the BIS central bank policy rate series for Switzerland, then ECB, UK and US rates. The BIS series is the SNB policy rate from June 2019, the mid-point of the SNB's target range for the three-month Libor from 2000 to 2019, and the discount rate before that — stitched into one comparable series and drawn as daily steps. It is a policy rate, not a mortgage or deposit rate.

All desks show the same build-wide series in a different order, so switching desks changes the menu, not the figures. Values are republished with attribution to the BIS, and this page is not an official BIS publication. The build ingests no Swiss retail rate series, so none is shown. This is not financial advice, and readings may lag their source.