|  NEWS

Economy

Swiss inflation under control, says SNB

President of the Swiss National Bank (SNB) Thomas Jordan has stated that officials are “relatively comfortable” with Switzerland’s inflation prospects, according to a Le Temps report.

Environment

Only a handful of Swiss locations impacted by overtourism

Switzerland does not have a problem with overtourism, according to the findings from a survey carried out by Switzerland Tourism in April and May.

Economy

SNB forecast to cut rates at this week’s meeting

The Swiss National Bank (SNB) is forecast to reduce its key policy rate by 25 basis points on 20th June for the second consecutive meeting, according to a Reuters poll of economists.

Economy

Swiss inflation under control, says SNB

President of the Swiss National Bank (SNB) Thomas Jordan has stated that officials are “relatively comfortable” with Switzerland’s inflation prospects, according to a Le Temps report.

Environment

Only a handful of Swiss locations impacted by overtourism

Switzerland does not have a problem with overtourism, according to the findings from a survey carried out by Switzerland Tourism in April and May.

Economy

SNB forecast to cut rates at this week’s meeting

The Swiss National Bank (SNB) is forecast to reduce its key policy rate by 25 basis points on 20th June for the second consecutive meeting, according to a Reuters poll of economists.

Environment

Swiss parliament disregards European court's climate ruling

 On Wednesday, the lower house of the Swiss parliament voted against a ruling that mandated Switzerland to intensify its efforts against global warming,

Economy

Switzerland forecasts record summer of tourism

Swiss hotels and holiday destinations are anticipating another record-breaking summer, with Chinese guests expected to notably increase overnight stays by 0.4%, according to the KOF Swiss Economic Institute.

Pensions

Switzerland to vote on pension reform and biodiversity initiative

Swiss citizens will vote on a reform of occupational pension schemes and a biodiversity initiative on 22 September, as announced by the Federal Council on Wednesday.

Economy

SNB posts record quarterly profit of $64bn in Q1

Switzerland's central bank posted a record quarterly profit of 58.8 billion Swiss Francs ($64.34 billion) on Thursday in Q1, fuelled by the weakening Franc and strong equity markets.

Economy

SNB hikes minimum reserve requirement for domestic banks

Switzerland's central bank announced on Monday that it is set to increase the minimum reserve requirement for domestic banks and, as such, will amend the National Bank Ordinance as of 1st July.

Economy

UBS may need up to $15bn in excess capital to meet new rules

Swiss Bank UBS could need to hold between $10-15 billion in excess capital following Switzerland's government's announcement of stricter capital requirements, according to an Autonomous Research forecast.

Economy

Swiss inflation down to two and a half-year low

Inflation in Switzerland fell to a two-and-a-half-year low in March, aligning with the Swiss National Bank's (SNB) decision to cut rates last month for the first time since 2015,

Economy

IMF says Switzerland needs "strong financial sector reforms"

Switzerland is in need of "strong financial sector reforms" following on from the state-driven rescue takeover of Credit Suisse by UBS, according to the International Monetary Fund.

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