SNB to Report CHF21 Billion of Profit for 202019 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 Money14 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 Economist13 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 202007 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 Q305 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.