What is the SNB's interest rate today?

The SNB's SNB policy rate is 0%.

When is the SNB's next meeting?

The SNB's next decision is due on December 10, 2026. The SNB meets 4 times a year to set its rate.

How does the SNB's rate affect the Swiss franc?

A higher rate pays more on Swiss franc deposits and tends to support it against other currencies; a cut does the opposite. What moves the price is not the decision itself but the gap between the decision and what the market expected.

Policy rate · SNB

SNB interest rate: 0%

Swiss National Bank (Bern and Zurich): current SNB policy rate, next meeting, what the market expects and recent decisions. Updated automatically.

Current rate

SNB policy rate

Last move

—

official history unavailable

Next meeting

December 10, 2026

The market mostly expects a hold (90%)

What the market expects for the next meetings

Probabilities derived from short-term interest rate futures (data a few days old, read with caution).

Meeting	Cut	Hold	Hike	Expected rate
December 10, 2026	0%	90%	10%	0.03%
March 18, 2027	0%	49%	51%	0.15%
June 24, 2027	0%	44%	56%	0.29%
September 23, 2027	0%	53%	47%	0.41%
December 16, 2027	0%	76%	24%	0.47%
March 23, 2028	0%	72%	28%	0.54%

SNB rate, in plain English

The SNB policy rate is the main tool of the Swiss National Bank. The SNB sets it 4 times a year to steer inflation and growth: raising it cools the economy and inflation, cutting it stimulates them.

The SNB's decisions are among the releases that move the Swiss franc the most: before opening a position on a CHF pair, it helps to know when the next meeting is and what the market expects from it.

FAQ

What is the SNB's interest rate today?: The SNB's SNB policy rate is 0%.
When is the SNB's next meeting?: The SNB's next decision is due on December 10, 2026. The SNB meets 4 times a year to set its rate.
How does the SNB's rate affect the Swiss franc?: A higher rate pays more on Swiss franc deposits and tends to support it against other currencies; a cut does the opposite. What moves the price is not the decision itself but the gap between the decision and what the market expected.

Other central banks

Fed rate ECB rate BoE rate BoJ rate BoC rate RBA rate RBNZ rate All policy rates Fed rate odds

Take your trading further with Kova

A journal with an AI that reads your data, free to start, and the full macro terminal with Pro.

Get my free diagnostic

Official sources: FRED (Federal Reserve Bank of St. Louis), ECB, Bank of England, Bank of Canada, Eurostat. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.