The Swiss National Bank (SNB) has raised the key interest rate. This decision has far-reaching consequences for the Swiss economy. Companies and consumers must be prepared for an increase in credit and mortgage interest rates, which may increase the cost of loans and mortgages. What does this mean for credit banks and ultimately for you as the end customer? If the base rate rises, [...]
The Swiss National Bank (SNB) has raised its key interest rate.
This decision has far-reaching consequences for the Swiss economy. Companies and consumers must be prepared for an increase in credit and mortgage interest rates, which may increase the cost of loans and mortgages.
What does this mean for credit banks and ultimately for you as the end customer?
If the base rate rises, it becomes more expensive for banks to borrow money from the central bank. The resulting additional costs are passed on to customers. As a result, interest rates on loans rise and lower interest rates become more difficult to obtain.
As a customer, you will not initially feel the effects of the interest rate increase directly, as banks will try to bear the higher costs themselves.
That's why now is a good time to take out a loan.
We don't know exactly when interest rates will rise, but it is certain that they will. The pressure from the banks is already noticeable.
The smart ones take the opportunity to benefit from the current interest rates by applying for a loan now.
Are you one of them?