Switzerland to Ease Restrictions as Pandemic Gets Close to End01 June 2020
Restrictions in Switzerland will be vastly eased and on June 19 there will be the end to the emergency situation imposed due to COVID-19 pandemic.
Swiss Watch Exports Down by 80%28 May 2020
In April Swiss watch exports figures went down by 80% with sales just at CHF329 million. Exports and imports in all industry suffered due to Covid-19 lockdown, and tourism is expected to take a few years to fully recover.
Low Euro Franc exchange rate puts SNB under pressure13 May 2020
The SNB President Thomas Jordan made some comments on Swiss fiscal policy and strong Swiss franc exchange rate, as well as its reference to euro, in a few interviews. He stated that the SNB has no choice but to keep negative interest rates.
Swiss Buy Lots of Gold in Pandemic08 May 2020
The coronavirus pandemic has triggered a spike in demand for gold, especially among Swiss, who have always loved this asset and hoard a lot of it.