SNB keeps interest rates, Euro Franc change gets better22 March 2019
The Swiss National Bank has decided not to raise interest rates that are very low and announced new forecast for inflation even lower than the previous one. The institution warned that global economic slowdown could get worse. It also emerged that in 2018 the SNB bought foreign currencies worth CHF2.3 billion.
Euro Franc exchange rate development and gender specific labor market data.15 March 2019
Brexit debates in the British parliament make for a nervous week – however investors seem to have already discounted the decisions as movements in the euro franc exchange rate are modest. In addition, data on wage differences between men and women in Switzerland were published.
New look for the Swiss Franc 1000 bank note10 March 2019
The new CHF 1000 bill was finally presented by the Swiss National Bank and it will be in circulation starting March 13th. This is the 5th denomination to be changed out to 6 planned for a new design series. Until now following denominations have been updated: CHF 10, 20, 50 and 200. The last denomination to be updated will be the CHF 100 bank note, which will be presented in September 2019. But what is to know about the new bills and design series?
The Federal Statistical Office publishes data on cross-border commuters in Switzerland07 March 2019
According to the new figures of the Federal Statistical Office, about 314,000 cross-border workers commuted to Switzerland at the end of 2018.
Swiss huge budget surplus exceeds expectations26 February 2019
The Swiss government announced a surplus of 2018 budget that is ten times bigger than forecasted. A huge amount of 2.9 billion Swiss Francs of surplus is still a preliminary figure. The difference between reality and expectations in terms of surplus is raising concerns.