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Why Switzerland has such low interest rates

In many countries, central banks are raising interest rates. Does this put pressure on the Swiss National Bank (SNB) to follow suit? Current key interest rates: Switzerland's central bank has set a key interest rate of 0% – a rate that is uniquely low by global standards. It has been in place for over a year. This means that borrowing money is cheap, while money held in a bank account earns little or no interest. The next SNB interest rate decision is due on September 24. An international comparison: Key interest rates in the United States range between 3.5% and 3.75%, whilst the rate set by the European Central Bank (ECB) stands at 2.25%. In all likelihood, the ECB will raise its rate at its next meeting (see forecasts below). This is because interest rates are used to keep inflation low. Numerous European countries are experiencing rising inflation rates. The average stood at 2.9% in of July 2026. In the US, the current inflation rate is 3.4%. Resilience: Low interest rates, low ... Full story here Are you the author?
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