Economy

The Swiss National Bank (SNB) lowered interest rates by 25 basis points on Thursday, marking its third reduction this year, mirroring similar actions taken by the European Central Bank and the US Federal Reserve to decrease borrowing costs.

posted on 27.09.2024

Economy

Switzerland has seen a decline in the availability of rental apartments and homes, according to the latest figures from the Federal Statistical Office (FSO).

posted on 13.09.2024

Economy

The pay gap between the highest and lowest-paid workers in Switzerland increased in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according to a study released by trade union, Unia on Monday.

posted on 27.08.2024

Economy

​​​​​​​The Swiss government revealed on Tuesday that it had overestimated pension spending by more than 4 billion Francs ($4.7 billion), which casts doubt on a proposed vote to raise the retirement age for women.

posted on 08.08.2024

Economy

The Swiss National Bank reported a loss of 2 billion Swiss francs ($2.27 billion) in Q2, attributed to the rising value of the Swiss Franc, which diminished gains from foreign currency investments,

posted on 01.08.2024

Economy

Central banking is not dull, although being willing to accept that label might be crucial for success, according to comments from departing Swiss National Bank (SNB) Chairman Thomas Jordan on Saturday.

posted on 29.07.2024

Economy

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.

posted on 10.07.2024

Economy

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.

posted on 17.06.2024

Economy

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.

posted on 29.05.2024

Economy

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.

posted on 25.04.2024

Economy

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.

posted on 22.04.2024