The inflation rate in Germany falls to 6.1%
August 30, 2023The Federal Statistical Office has announced an initial estimate of the inflation rate in Germany for the month of August. According to this estimate, the inflation rate is 6.1%. In July, the inflation rate, measured as the change in the consumer price index (CPI), was 6.2%. This is the third month in a row that the inflation rate has declined.
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Swiss Budget Deficit For 2023 Lower Than Expected
August 17, 2023After all Swiss deficit for this year won’t be so drastic as forecasted by the government back in June.
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SNB Had a Loss in Q2; Payout to Cantons, Govt in 2024 Not Likely
August 01, 2023The Swiss National Bank (SNB) recorded losses in Q2 and its looks like it will be forced to skip annual payout to the Swiss government and cantons for 2024.
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The ECB increases interest rates to 4.25%. Euro exchange rate falls a little.
July 27, 2023The European Central Bank has decided to raise interest rates by 0.25%. This is the ninth time in a row in the last year. The key interest rate was last this high during the financial crisis in 2008. The euro franc exchange rate falls slightly to 0.9530.
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Swiss Economy in H2 – Slow Growth, Lower Inflation, Tourism Doing Well
July 13, 2023Swiss economy is expected to grow just a bit this year, but inflation should get lower and tourism sector will likely experience some very good summer.
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