Interest on arrears should not be adjusted to market interest rates
Published: Friday, Jan 19th 2024, 17:10
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The federal default interest rate should remain at five percent and not be adjusted to the general development of market interest rates. In the view of the National Council's Legal Affairs Committee (RK-N), the current system of fixed interest rates has proven its worth.
It is precisely because of its clarity and simplicity that it has many advantages in business transactions, according to a statement from the parliamentary services on Friday. Accordingly, the Commission decided against a change of system by 15 votes to 8.
This represents a U-turn by the Commission, which was newly composed after the elections in October 2023. In the session before the elections, the committee had still spoken out in favor of the amendment. However, because the Council of States rejected this in the winter session, the Legal Affairs Committee had to decide on it again as part of the revision of differences - and is now proposing to follow the Council of States.
The proposal is based on a parliamentary initiative by Fabio Regazzi (center/TI).
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