The European Central Bank has decided not to raise interest rates.14 April 2022
High inflation in the European Union, fears of inflation and the economic fallout from the Ukraine war have fueled speculation about interest rate hikes. The European Central Bank has now decided to leave interest rates at zero percent. In the USA and Great Britain, the key interest rate has already been raised by the central banks.
The SNB leaves the key interest rate unchanged at – 0.75%24 March 2022
The Swiss National Bank has decided to stick to its current monetary policy. it leaves the current key interest rate unchanged at 0.75%. Current Euro Swiss Franc Exchange Rate remains around 1.025.
Switzerland Lifts All Pandemic Restrictions17 February 2022
Swiss federal government decided to lift all the pandemic restrictions from February 17th as fears that health system might not be able to process surging number of infections has diminished.
Switzerland’s Inflation in January Highest in 13 years15 February 2022
In January inflation in Switzerland hit the highest level since 2008. Though it is still relatively low comparing to other countries, the SNB might change its policy this year to curb it.