This is a percentage that is fixed by the Swiss Central Bank. Many other financial organizations (such as commercial banks) set up their own percent for deposits and credits according to CB data.
Interest rate – is one of the most important mechanisms with the help of which the world’s economy regulation is actualized. Particularly, the questions concerning economical growth and inflationary pressure are strictly regulated through this interest rate.
The Market’s reaction to the interest rate is one of the strongest. Actually, the adoption of prime rate by CB and its change is a turning point for all markets and after it they are to decide in what way to move further.
All economical politics depends on interest rate and on its today’s value. The Swiss interest rate has some variation range in 1 percent and the SNB holds meetings once a quarter to make decisions concerning some revision of current interest rate.
