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Policy rate at zero: relief or a new housing trap?

Switzerland’s policy rate is back at zero. Loans may become cheaper, but pressure on property prices and rents may also rise. Who should benefit first?

Primary category
Economy
Secondary category
Society
Facade of the Swiss National Bank on Börsenstrasse in Zurich
Swiss National Bank in Zurich. Photo: Jürg-Peter Hug, CC BY-SA 3.0.

What should the SNB prioritise with a policy rate at zero?

3 answer options

Should policymakers pair cheap credit with rules against property speculation?

3 answer options

Where should the relief be felt first?

3 answer options

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