smzh blue logo

Next interest rate cut by the SNB!

Artikel
7 Nov 2024
smzh-image

Interest rate cut

  • 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.

Related Content

smzh-image
artikels

Mortgage Radar – November 2025

"The imputed rental value has been abolished: For many home owners, this makes it worth bringing forward planned renovations such as facade renovations, new windows, or a new kitchen. Those who act now can save several thousand francs in taxes."

Read More
smzh-image
artikels

Imputed Rental Value & Renovations

The imputed rental value is an important component of Swiss real estate taxation. Homeowners pay tax on a fictitional rental income if they live in their own property. Renovation work can impact imputed rental value and one's tax burden – in both a positive and a negative way.

Read More
smzh-image
artikels

Our Employee Nick Stöckl

Read More