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SWITZERLAND INTEREST RATE

The benchmark interest rate in Switzerland was last reported at 0.25 percent. In Switzerland, interest rates decisions are
taken by the Swiss National Bank. The official interest rate is the three-month Swiss franc Libor. The SNB regulates the
three-month Libor indirectly through its main financing and liquidity-absorbing operations, which comprise short-term repo
transactions. From 2000 until 2010, Switzerland's average interest rate was 1.52 percent reaching an historical high of 3.50
percent in June of 2000 and a record low of 0.25 percent in March of 2003. This page includes: Switzerland Interest Rate
chart, historical data and news.

Country Interest Rate Growth Rate Inflation Rate Jobless Rate Current Account Exchange Rate

Switzerland 0.25% 0.85% 0.29% 3.70% 20 0.9823

January October 2010 UPDATE DATES DOWNLOAD DATA

2002
COMPARE INDICATORS
to

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
2009 0.50 0.50 0.38 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
2008 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.63 1.83 0.75
* The table above displays the monthly average.

25%. The global economic recovery is continuing. however.25 percent. although it poses long-term risks to price stability.com. Signup For Trading Economics Analytics View.000 economic indicators. and in particular for 2011.75%. download and compare data from Monetary policy assessment of 16 September 2010 232 countries. SNB The Swiss National Bank said on September 16 it would keep its key interest rate target at the record low of 0. The possibility that inflation will temporarily turn slightly negative at the beginning of 2011 cannot be ruled out. exchange Swiss National Bank maintains its expansionary monetary policy rates. the SNB would take the measures necessary to ensure price stability. over the entire forecast horizon.7%.2%. Share Email | Bookmark | Print SWITZERLAND ECONOMIC NEWS Switzerland Keeps Interest Rate Unchanged Published: 9/16/2010 6:38:25 PM By: TradingEconomics. The SNB’s new conditional inflation forecast is lower than the June forecast. Since mid-2009. Uncertainty about the future outlook for the global economy remains high. It is leaving the target range for the three-month Libor unchanged at Learn more 0. average inflation for 2010 is expected to amount to 0. Assuming an unchanged three-month Libor of 0. SNB The Swiss National Bank said on September 16 it would keep its key interest rate target at the record low of 0. Should they materialise and result in a renewed threat of deflation. stock indexes.25%. policy. For the second half of the year. government bond yields.00–0. . and intends to keep the Libor within the lower part of the target range at around 0.SWITZERLAND KEEPS INTEREST RATE UNCHANGED Published: 9/16/2010 6:38:25 PM By: TradingEconomics. for 2011 to 0. Economic recovery is not yet sustainable. the SNB now expects a marked slowdown in growth. commodity prices and much The Swiss National Bank (SNB) is maintaining its expansionary monetary more. For 2010.25 percent.3% and for 2012 to 1. The inflation forecast indicates that the expansionary monetary policy is currently appropriate. albeit at a somewhat slower pace than the SNB had assumed at the time of the previous monetary policy assessment.com. the SNB expects real GDP to grow at a rate of approximately 2. including more than 200.5%. This reflects the strong appreciation of the Swiss franc and the declining momentum of the global economy. Downside risks predominate. the Swiss economy has developed more dynamically than previously expected. citing the current strength of the Swiss franc and low risk of inflation.

Switzerland Posts Record Trade Surplus in July Published: 8/21/2010 5:05:05 PM By: TradingEconomics.0%-0. giving the central bank room to keep borrowing costs near zero.7%. This brings annualized GDP figures to 2. Swiss Economy Expanded 0.com.4% in Q1 Published: 6/1/2010 9:55:06 AM By: TradingEconomics.com. Bloomberg Swiss inflation slowed for a fourth straight month in August. consumer prices were down 1%. More news . RTT News Switzerland's consumer price annual inflation slowed to 1. Swiss Economy Grows 0. There were 156.citing the current strength of the Swiss franc and low risk of inflation.7% growth.1% in May from 1. Swiss Exports Rise in May Published: 6/22/2010 9:14:54 AM By: TradingEconomics.com. the Federal Statistical Office reported.9% to 0.com. the economy is expected to maintain momentum in the third quarter.4% in Q1 2010. Swiss Inflation Drops in June Published: 7/6/2010 9:06:59 AM By: TradingEconomics. Bloomberg Switzerland’s economy expanded at a faster pace than economists forecast in the second quarter as companies stepped up spending to meet global demand.com. Swiss National Bank Keeps Interest Rates Unchanged Published: 6/17/2010 10:07:18 AM By: TradingEconomics. up from prior quarter's 0. RTT News Swiss GDP expanded 0.453 unemployed people in May. Reuters Swiss consumer price inflation dropped sharply in June.6% and above market expectations of 1. Swiss Unemployment Stays Flat in May Published: 6/8/2010 12:08:34 PM By: TradingEconomics.793 in April. Last quarter's growth was revised from 0. Swiss Inflation Slowed Fourth Straight Month in August Published: 9/5/2010 10:25:03 PM By: TradingEconomics.75%. latest report from the State Secretariat for Economic Affairs showed Tuesday. data showed on Tuesday.8% expansion this quarter. disappointing on market expectations of 0.2% for Q1 2010.com. A year ago. RTT News Switzerland's seasonally adjusted jobless rate in May was 4%. Reuters Swiss exports rose in May. SNB After its regular quarterly policy-setting meeting the SNB left the target range for its benchmark three-month Swiss franc London interbank offered rate unchanged at 0.9% in Q2 Published: 9/5/2010 6:50:37 PM By: TradingEconomics. Swiss Annual Inflation Slows In May Published: 6/8/2010 12:03:24 PM By: TradingEconomics. defying a rally by the franc against the euro and indicating that the Alpine state's economy could stomach a stronger currency.com. down from 157.4% in April.com. unchanged from April. undershooting forecasts and giving fresh impetus to a debate on whether the country's central bank might resume currency interventions. Reuters Switzerland posted a record trade surplus in July and although the pace of export growth slowed.com.

e. First. the higher the yield.S. If investors hold off investing now. and the risk of future adverse events (such as default and higher short-term interest rates) is higher than the chance of future positive events (such as lower short-term interest rates). If the market expects more volatility in the future. This explanation depends on the notion that the economy faces more uncertainties in the distant future than in the near term. even if interest rates are anticipated to decline. they may receive a better rate in the future. Treasury securities for various maturities are closely watched by many traders. since with longer maturities. more catastrophic events might occur that impact the investment. and are commonly plotted on a graph such as the one on the right which is informally called "the yield curve. interest rates can fall just as they can rise. the longer the maturity.However. For example. There are two common explanations for this phenomenon." More formal mathematical descriptions of this relation are often called the term structure of interest rates. Another explanation is that longer maturities entail greater risks for the investor (i.INTEREST RATE TERM STRUCTURE DEFINITION The interest rate term structure is the relation between the interest rate and the time to maturity of the debt for a given borrower in a given currency.S. under the arbitrage pricing theory. . Therefore. investors who are willing to lock their money in now need to be compensated for the anticipated rise in rates — thus the higher interest rate on long-term investments. This effect is referred to as the liquidity spread. Yield curves are usually upward sloping asymptotically. Risk premium should be paid. dollar interest rates paid on U. the lender). the increase in the risk premium can influence the spread and cause an increasing yield (source: wikipedia). with diminishing marginal growth. the current U. it may be that the market is anticipating a rise in the risk-free rate.