Forex Fundamentals
SNB Interest Rate Decision

SNB Interest Rate Decision 20 March 2025

SNB Interest Rate Decision 20 March 2025: 0.25%, in line with the forecast and down from 0.5% in December 2024. It is the lowest reading since June 2022. It was released on Thu 20 Mar 2025 at 08:30 UTC.

These figures were verified on 4 Oct 2026 from the source: Swiss National Bank. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
0.25%
Forecast
0.25%
The market consensus
Previous
0.5%
As the source gives it

What a print like this usually does

In line with the forecast: If the rate matches expectations, the franc may show little initial reaction, but the SNB’s guidance on inflation, future rates and the exchange rate can still move it.

SNB Interest Rate Decision 20 March 2025: 0.25% against a 0.25% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

SNB Interest Rate Decision 20 March 2025: 0.25% vs 0.25% forecast (Swiss National Bank). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/snb/2025-03-20

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
20 Mar 2025—0.25%0.25%0.5%
12 Dec 2024—0.5%0.75%1%
26 Sep 2024—1%1%1.25%
20 Jun 2024—1.25%1.25%1.5%
21 Mar 2024—1.5%1.75%1.75%
14 Dec 2023—1.75%1.75%1.75%
21 Sep 2023—1.75%2%1.75%
22 Jun 2023—1.75%1.75%1.5%
23 Mar 2023—1.5%1.5%1%
15 Dec 2022—1%1%0.5%
22 Sep 2022—0.5%0.5%-0.25%
16 Jun 2022—-0.25%-0.75%-0.75%
The release before:SNB Interest Rate Decision 12 December 2024The release after:SNB Interest Rate Decision 19 June 2025SNB Interest Rate Decision: every recent resultThis week’s economic calendar