Swiss Economicblogs.org
On 21 June 2018, the Swiss National Bank (SNB) announced its decision on interest rates, which it left unchanged. Switzerland’s economy has been sailing into the headwinds of a strong currency since the SNB scrapped its exchange rate cap in January 2015 and the Swiss franc briefly went beyond parity with the euro. To weaken the currency, the SNB introduced negative interest rates and went on a spree of asset buying. Yesterday, the Bank said it will maintain its -0.75% interest rate and...
Read More »Swiss residential property risks growing in buy to let, according to Swiss National Bank
