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Swiss central bank sells francs to counter haven effect
2026-09-30
The Swiss National Bank (SNB) continued to sell francs in the second quarter, following through on its “increased willingness” to intervene against a stronger currency. Switzerland’s central bank purchased foreign exchange worth CHF1.4 billion ($1.7 billion) from April through June, according to data on Wednesday. That’s down from the CHF3.9 billion it bought in the …
Swiss interest rate remains at 0%
2026-09-24
The Swiss National Bank (SNB) decided on Thursday to keep its key interest rate at 0%, where it has been since June 2025. The central bank made its quarterly decision as inflation remains under control in Switzerland. “If necessary, the [SNB] is prepared to intervene in the foreign exchange market to ensure appropriate monetary conditions,” …
Swiss franc magnet for carry trade
2026-09-21
The carry trade phenomenon, one of the most widespread strategies on the foreign exchange markets, has recently been drawing even more attention to the Swiss franc. Historically dominated by the Japanese yen as the funding currency, this type of transaction may now also be more attractive using the Swiss franc, thanks to the Swiss National …
Switzerland raises economic growth forecast significantly
2026-09-17
According to the federal government’s economists, the Swiss economy is likely to perform significantly better than previously expected. They are therefore raising their forecast substantially. The federal government’s expert group has revised its forecast for 2026 to predict growth in real gross domestic product (GDP, adjusted for sporting events) of 1.7%, up from the previous …
Revolut applies for a banking licence in Switzerland
2026-09-16
The British ‘neobank’ Revolut, whose services are already used by over a million Swiss residents, is now applying for a Swiss banking licence. The online bank plans to invest more than CHF150 million in the Swiss market over the next five years. The granting of a licence by the Swiss Financial Market Supervisory Authority (FINMA) …
China’s high-tech rise puts competitive pressure on Switzerland
2026-09-10
Economists at Swiss bank UBS view China’s economic rise as a major challenge for the Swiss economy. The US tariffs, on the other hand, are likely to have only a temporary impact. Over the past decade, China has increasingly transformed itself from the “world’s factory” into a hub for high technology. For example, the country …
Cyberattackers demand CHF10m from Swiss train maker Stadler
2026-07-21
Cybercriminals have demanded a ransom of CHF10 million from Swiss rail equipment manufacturer Stadler Rail to return data stolen from one of its suppliers during a cyberattack. Stadler says its own IT systems were not compromised and production is continuing as normal. Stadler will not pay the ransom demanded by the cybercriminal group Everest and …
EU steps up antitrust case against Swiss chemicals firm Sika
2026-07-20
The European Commission is stepping up antitrust proceedings against the construction chemicals group Sika and other manufacturers. The Commission has sent statements of objections regarding suspected price-fixing in relation to chemical additives for cement, concrete and mortar. According to the EC’s preliminary assessment, the companies are alleged to have colluded on future price increases between …
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