The SNB maintained stable monetary policy in June. USD / CHF renews monthly highs at 0.9129 following the SNB announcement. Members of the board of directors of the Swiss National Bank (SNB) kept monetary policy guidelines unadjusted in their June quarterly assessment on Thursday. The SNB kept the key deposit rate stable at -0.75%, keeping […]
Tag: Swiss
Switzerland raises its economic growth forecast amid easing restrictions
The Swiss State Secretariat for Economic Affairs (SECO) has raised the country’s growth forecasts for this year, as the easing of coronavirus restrictions increases confidence in the recovery. Key comments See the growth of 2021 GDP (adjusted) at + 3.6% (the previous forecast was + 3.0%). See the growth of 2022 GDP (adjusted) at + […]
Switzerland will remain attractive to businesses after the G7 tax deal, according to its Finance Minister
The Swiss Minister of Finance said in a statement Monday that The country will likely remain attractive to businesses after the Group of Seven (G7) nations reached a landmark agreement to back a tax rate. Global corporate minimum of at least 15%. Featured statements: “For Switzerland, the focus is on the overall package of competitive […]
GDP surprises positively with a rise of 0.3% in the fourth quarter of 2020
Switzerland’s Gross Domestic Product (GDP) grew 0.3% in the fourth quarter of 2020, exceeding the expected 0%. Additionally, third quarter GDP was revised to 7.6% from 7.2% previously published. The Annual GDP stood at -1.6% in the fourth quarter, improving the -2.1% expected, although worsening the -1.4% of the previous quarter. Switzerland also published today […]