Inflation ‘back with a vengeance’ in Switzerland
2022-07-05
The price of household goods for Swiss consumers rose 3.4% in June compared to the same month last year, led by the surging cost of fuel and heating oil. “Inflation, which has de facto been absent for more than a decade, is back with a vengeance,” said economic forecast group BAK Economics.
Fritz Zurbrügg: Introductory remarks, news conference
2022-06-16
In my remarks today, I will present the key findings from the new Financial Stability Report, published this morning by the Swiss National Bank.
SNB Governing Board: Federal Council appoints Martin Schlegel as Vice Chairman of the Governing Board
2022-05-04
Petra Gerlach and Attilio Zanetti become Alternate Members of the Governing Board. At its meeting of 4 May 2022, the Federal Council appointed Martin Schlegel as Vice Chairman of the Governing Board of the Swiss National Bank with effect from 1 August 2022. He will succeed Fritz Zurbrügg on the Governing Board when the latter steps down at the end of July 2022.
Macro Week 2022: Thomas Jordan
2022-04-29
At this critical juncture for the global economy and monetary policy, the Peterson Institute for International Economics is convening central bankers and finance officials from around the world for our annual Macro Week—a series of speeches and onstage discussions moderated by PIIE President Adam S. Posen.
Thomas Jordan (Chairman, Swiss National Bank) speaks on April 19, 2022.
For more information, visit: https://www.piie.com/events/macro-week-2022
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Quarterly Bulletin 1/2022 – Monetary policy report
2022-03-31
Report for the attention of the Governing Board of the Swiss National Bank for its quarterly assessment of March 2022. The report describes economic and monetary developments in Switzerland and explains the inflation forecast. It shows how the SNB views the economic situation and the implications for monetary policy it draws from this assessment. The first section (‘Monetary policy decision of 24 March 2022’) is an excerpt from the press release published following the assessment.
Swiss exports reach all-time high
2022-03-21
Data published on 17 March 2022 showed a 15.4% jump in Swiss exports in February 2022. The sharp rise in exports when combined with a 2.9% fall in imports led to a monthly trade balance of CHF 5.7 million. This is the first time in history that Switzerland’s monthly trade balance has exceeded CHF 5 million.
„Jetzt hilft uns, dass Thomas Jordan ein Falke ist“
2022-03-20
Der SNB-Chef wurde wegen seiner harten Anti-Inflations-Haltung gescholten, sagt Fabio Canetg, Journalist mit “Geldcast”-Sendung. Nun profitiere die Schweiz davon, weil hier die Preise mit plus 2 Prozent im Vergleich zum Euro-Raum und den USA moderat stiegen. Das wiederum ziehe Vermögen aus dem Ausland an, was den Franken stärke und die Inflation zusätzlich dämpfe.
Swiss employment reaches new record
2022-02-25
Data published this week by Switzerland’s Federal Statistical Office (FSO) show that the number of active workers in Switzerland rose to a record 5.239 million by the end of 2021.
Photo by Lex Photography on Pexels.comThe number of people employed at the end of 2021 was 1.9% higher than at the end of 2020. 5.239 million represents around 73% of those 15 or older.
Sharp rise in hotel and restaurant jobs
The number of people actively working in hotel and restaurant jobs rose 8,700 (+3.8%). Worker numbers were also up in business services (+5.1%), manufacturing (+0.7%) and construction (+1.0%).
Job growth across all cantons
Job numbers rose across all of Switzerland with sharp rises in the secondary and tertiary areas in the Lake Geneva region (+2.6%), Zurich (+2.9%) and