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NEWS
SNB to Report CHF21 Billion of Profit for 2020

SNB to Report CHF21 Billion of Profit for 2020

19 January 2021

                The Swiss National Bank (SNB) has informed that its expected profit for 2020 is at CHF21 billion, due to rising stock prices that triggered higher value of its investments in foreign currencies.

Switzerland Goes into Semi-Lockdown, Govt to Ask for More Money

Switzerland Goes into Semi-Lockdown, Govt to Ask for More Money

14 January 2021

Switzerland has imposed new restrictions to avoid third wave of COVID-19 cases. The government will have to ask parliament for money to cover costs.

Swiss Economy Can Grow by 4% in 2021, 2022, Says Govt Chief Economist

Swiss Economy Can Grow by 4% in 2021, 2022, Says Govt Chief Economist

13 January 2021

The Swiss economy can recover this year and report even 4% of growth for 2021 and 2022, a double of its usual rate, according to the Swiss government chief economist.

Swiss Franc is getting stronger in the first week of 2020

Swiss Franc is getting stronger in the first week of 2020

07 January 2021

The Swiss Franc exchange rate is going up against most currencies. On Thursday  other currencies regained ground versus CHF with higher risk appetite shown by investors.

Swiss Central Bank Spent Much Less on Interventions in Q3

Swiss Central Bank Spent Much Less on Interventions in Q3

05 January 2021

Swiss National Bank has spent CHF11 billion on interventions on foreign exchange rate market in Q3, much less than before, but still it took the total value for Jan.-Oct. 2020 to CHF100 billion, the highest in 8 years.

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