Adjust the Default Interest Rate to Market Rates
Published: Wednesday, Sep 27th 2023, 17:26
Mise à jour le : Vendredi, 13 octobre 2023, 14:12
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The National Council has voted to link the current 5% interest rate on overdue payments to the general development of market interest rates, making it variable. This motion was put forward by Fabio Regazzi (Mitte/TI) in 2016, as he argued that the fixed rate of 5% was a significant financial burden for many businesses, particularly those already in financial difficulty. The new rate will be calculated from the Saron (the average rate at which banks lend money to each other overnight) plus a 2% premium. A minority, including Beat Flach (GLP/AG), argued that the new rule was too complicated for small and medium-sized enterprises, and that it was unnecessary given the current interest rate situation. The Swiss Federal Council wanted to keep the existing rate, as it provides an incentive for debtors to pay back their debts. The motion will now go to the Council of States.
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