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News
SNB Had a Loss in Q2; Payout to Cantons, Govt in 2024 Not Likely

SNB Had a Loss in Q2; Payout to Cantons, Govt in 2024 Not Likely

August 01, 2023

The Swiss National Bank (SNB) recorded losses in Q2 and its looks like it will be forced to skip annual payout to the Swiss government and cantons for 2024.

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The ECB increases interest rates to 4.25%. Euro exchange rate falls a little.

The ECB increases interest rates to 4.25%. Euro exchange rate falls a little.

July 27, 2023

The European Central Bank has decided to raise interest rates by 0.25%. This is the ninth time in a row in the last year. The key interest rate was last this high during the financial crisis in 2008. The euro franc exchange rate falls slightly to 0.9530.

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Swiss Economy in H2 – Slow Growth, Lower Inflation, Tourism Doing Well

Swiss Economy in H2 – Slow Growth, Lower Inflation, Tourism Doing Well

July 13, 2023

Swiss economy is expected to grow just a bit this year, but inflation should get lower and tourism sector will likely experience some very good summer.

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SNB Hikes Interest Rates for a Fifth Time in a Row

SNB Hikes Interest Rates for a Fifth Time in a Row

June 22, 2023

The Swiss National Bank has raised interest rates to 1.75% by 25 basis points on Thursday.  The decision was expected by market analysts.

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Forecasts for Swiss Economy: Slowdown of 1.1% Expected This Year June 15th, 2023

Forecasts for Swiss Economy: Slowdown of 1.1% Expected This Year June 15th, 2023

June 15, 2023

Swiss economy is expected to slow down to 1.1% growth this year as per newest forecast published by the government. 

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