NEWS

The ECB announced on during their session in Riga that they plan to slowly end their large-scale asset purchase program. At the same time the FED is already a few steps ahead and slowly raising the Interest rates in the US.

The Euro rose on Monday as investors look with hope to Thursday’s policy meeting of the European Central Bank. There is speculation that the ECB will announce unwind of its bond-buying program. The common currency was left unimpressed by the divisive G7 summit in Canada.

New data published on wealth management shows that Switzerland is still a worldwide leader but is followed closely by competitors in likes of the United Kingdom and the United States. The survey done by Swiss government gave, on the other hand, an insight into Swiss wages as of recent years.

Group of economist, entrepreneurs and financial specialists have launched an initiative called “For crisis-proof money: only the National Bank to issue currency! (Sovereign money initiative).” The idea is to achieve better security of the country’s finances. The people’s initiative will be voted on June 10th.

As the Swiss Franc’s exchange rate has reached its lower level against the Euro in more than three years, many investors wonder if the Swiss National Bank will finally react and tighten its monetary policy. What are the chances of the SNB’s move and what can it be?