The Swiss National Bank's interest rate decision sets Swiss borrowing costs and is the main driver of the Swiss franc.
Actual
0.5%
Forecast
0.75%
Previous
1%
SNB Interest Rate Decision for December 12, 2024 came in at 0.5% versus 0.75% expected (previous 1%), below forecast, which was negative for the CHF.
What it meant for the CHF
The actual landed below the 0.75% forecast (0.25 below expectations). A reading above forecast is generally bullish for the CHF, and below forecast bearish. On this release the read was negative for the CHF.
New to this release? See what SNB Interest Rate Decision measures, the next release and its full history.