NEWS
SNB: Good Exchange Rate of CHF Helps Swiss Economy
08 September 2022Chairman of Swiss National Bank, Thomas Jordan, has stated that the appreciation of Swiss franc is rather helping the country’s economy than hurting it, as Reuters reports.
EUR/CHF Continues Below Parity
13 July 2022EUR/CHF exchange rate plunged last week below parity for the first time since 2015, when the peg was removed.
EUR/CHF Below Parity
Sight Deposits’ Drop Means SNB Has Narrowed Down FX Interventions
28 June 2022Data shows that the SNB’s sight deposits have dropped which means the bank is close to ending its campaign of purchases influence the Swiss Franc exchange rate.
The European Central Bank has decided not to raise interest rates.
14 April 2022High 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 2022The 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.