Fiatmap

Cost of moneySwitzerland

Real policy rate in Switzerland

Does money at the central bank’s rate actually beat inflation?

Switzerland's real policy rate is -0.15 % — #43 of 53 countries on the atlas (higher is better). Period 2026-09.

-0.15%

Checked 23 Oct 2026Period 2026-09

Source: Fiatmap derived metrics (own calculation from separately sourced components)

Negative: cash in Switzerland loses 0.1 pp of purchasing power a year even in the bank.

Among 53 countries

2 of 53 countries between -1.92 % and -1.62 %1 of 53 countries between -1.62 % and -1.32 %4 of 53 countries between -1.32 % and -1.02 %1 of 53 countries between -1.02 % and -0.72 %1 of 53 countries between -0.72 % and -0.42 %3 of 53 countries between -0.42 % and -0.12 %7 of 53 countries between -0.12 % and 0.18 %7 of 53 countries between 0.18 % and 0.48 %4 of 53 countries between 0.78 % and 1.08 %5 of 53 countries between 1.08 % and 1.38 %3 of 53 countries between 1.38 % and 1.68 %1 of 53 countries between 1.68 % and 1.98 %1 of 53 countries between 1.98 % and 2.28 %2 of 53 countries between 2.28 % and 2.58 %4 of 53 countries between 2.58 % and 2.88 %1 of 53 countries between 2.88 % and 3.18 %1 of 53 countries between 3.18 % and 3.48 %2 of 53 countries between 3.78 % and 4.08 %3 of 53 countries between 4.98 % and 5.28 %median 0.88 %Switzerland: ahead of 19 % of the 53 countries with a published real policy rateSwitzerland -0.15 %-1.92 %5.28 %
Half of all 53 countries sit between -0.06 % and 2.16 %. Switzerland is ahead of 19 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.
Rank
#43 of 53
higher is better
Ranked behind
19 %
10 of 53 countries

In Europe: #21 of 30vs median 0.88 %: −1.03 pp (worse)

The neighbourhood

#CountryReal policy ratevs Switzerland
41 New Zealand-0.09 %+0.06 pp
42 United Kingdom-0.13 %+0.02 pp
43 Switzerland-0.15 %—
44 Spain-0.20 %−0.05 pp
45 Romania-0.69 %−0.54 pp

Policy rate minus annual CPI inflation — positive means money in the bank beats inflation. Our calculation from separately sourced components.

How to read this figure

Our own calculation: the central bank policy rate minus annual CPI inflation. It answers one question — does parked money beat rising prices? Both components are separately sourced official figures, and we never compute it when either leg is missing.

Next, about Switzerland

Inflation rateLending rate
Real policy rate, all countries ranked →Compare Switzerland with another country →Everything about Switzerland →Methodology →
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