Suisse Taux d'intérêt

The Swiss National Bank (SNB) cut its key policy rate by 50bps to 0.5% in December 2024, exceeding market expectations for a smaller 25bps cut. This marks the fourth straight rate reduction and the steepest since January 2015, bringing borrowing costs to their lowest since November 2022. The decision comes as inflation eases, dropping from 1.1% in August to 0.7% in November, driven by lower costs in domestic services, oil, and food. Inflation is forecast to average 1.1% in 2024, 0.3% in 2025, and 0.8% in 2026, staying within the SNB's target range. Swiss GDP is expected to grow around 1% this year, with slight improvement to 1–1.5% in 2025, supported by recent rate cuts. However, rising unemployment, slower production, and global uncertainties—like geopolitical tensions and unclear policy directions abroad—pose risks to the economic outlook.