Historical Year Data · 2023
Switzerland SNB Policy Rate in 2023
Switzerland SNB Policy Rate opened 2023 at 0.95% and closed at 1.60%, a +68.42% move for the year. The high of 1.63% was reached on November 30, and the low of 0.95% on May 31.
Open
0.95%
2023-01
Close
1.60%
8 data points
High
1.63%
Nov 30
Low
0.95%
May 31
Full Year Change
+68.42%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| May | 0.95% | 0.95% | 0.95% | 0.95% | +0.00% |
| Jun | 1.20% | 1.20% | 1.20% | 1.20% | +0.00% |
| Jul | 1.20% | 1.20% | 1.20% | 1.20% | +0.00% |
| Aug | 1.20% | 1.20% | 1.20% | 1.20% | +0.00% |
| Sep | 1.20% | 1.20% | 1.20% | 1.20% | +0.00% |
| Oct | 1.20% | 1.20% | 1.20% | 1.20% | +0.00% |
| Nov | 1.63% | 1.63% | 1.63% | 1.63% | +0.00% |
| Dec | 1.60% | 1.60% | 1.60% | 1.60% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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