The Swiss Franc Holds Steady Following Comments from Thomas Jordan, President of the Swiss National Bank
April 27, 2024Recently, the Swiss franc demonstrated its resilience by maintaining stability against the US dollar. During the European trading session, the USD/CHF exchange rate remained nearly unchanged, hovering around 0.9118.
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The Swiss National Bank SNB cut its key interest rate this morning.
March 21, 2024The SNB decided to cut interest rates before the ECB and the FED. This makes the Swiss franc the first of the 10 most traded currencies to see an interest rate cut following the Covid 19 pandemic.
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Swiss Economy to Grow Less Than Expected in 2023, 2024
December 14, 2023This and next year economy in Switzerland will close with lower-than-expected rate of growth, according to experts. However, in 2025 it should accelerate.
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Inflation Slowed Down to Two-Year Low in November
December 08, 2023In November inflation in Switzerland surprisingly slowed down to two-year low, hitting 1.4%. This may serve as another reason for Swiss National Bank (SNB) officials to keep borrowing costs steady on a next meeting.
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Swiss Economy in Q3
November 23, 2023Swiss economy has hit the stagnation phase in Q3 of this year. From the whole year GDP is expected to be at 1.3%.
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