The SNB is lowering the SNB key interest rate again by 0.25 percentage points to 1.25%.
The change comes into force on June 21, 2024.
Inflation and forecast
Inflation rose to 1.4% in May, mainly due to higher inflation in rents, tourism services and petroleum products.
The inflation forecast for 2024 is 1.3%.
Global economy
Solid growth in the first quarter of 2024, inflation moving sideways but still above central bank targets.
Some central banks have eased their monetary policy, but it remains restrictive in many countries.
Expected gradual decline in inflationary pressure abroad and moderate recovery of the global economy.
Swiss economy
Moderate growth in the first quarter of 2024, expansion in the service sector, stagnating industrial production.
Slight increase in unemployment, normal utilization of production capacity.
Inflation trends abroad and geopolitical tensions could influence the global economy.
Forecasts for Switzerland are also subject to uncertainty, particularly due to developments abroad.
Mortgage and real estate market
With the interest rate cut, the Saron mortgage is becoming even more attractive. The average interest rate now ranges, depending on the between 1.90% and 2.20%, depending on the individually agreed customer margin.
