|  NEWS

Markets

SNB sells nearly $150bn of forex in 2023

Switzerland's central bank sold foreign currency worth 132.9 billion Swiss Francs last year ($149.51 billion), reflecting a heightened focus on bolstering the Swiss Franc as a defence against imported inflation.

Politics

EFTA signs free trade agreement with India

The European Free Trade Association (EFTA), which includes Switzerland as a member, has penned a free trade agreement with India, which is set to be approved in 2025.

Economy

SNB reports annual loss of $3.6bn in 2023

On Monday, the Swiss National Bank (SNB) reported an annual loss of 3.2 billion Swiss Francs ($3.62 billion) for last year as the move to positive interest rates

Markets

SNB sells nearly $150bn of forex in 2023

Switzerland's central bank sold foreign currency worth 132.9 billion Swiss Francs last year ($149.51 billion), reflecting a heightened focus on bolstering the Swiss Franc as a defence against imported inflation.

Politics

EFTA signs free trade agreement with India

The European Free Trade Association (EFTA), which includes Switzerland as a member, has penned a free trade agreement with India, which is set to be approved in 2025.

Economy

SNB reports annual loss of $3.6bn in 2023

On Monday, the Swiss National Bank (SNB) reported an annual loss of 3.2 billion Swiss Francs ($3.62 billion) for last year as the move to positive interest rates

Business

Payment apps’ popularity increases in Switzerland

The popularity of payment apps is rising in Switzerland, according to the findings from a new survey carried out by the country’s central bank.

Business

Stronger Swiss Franc “hurts” companies, says SNB president

Although a stronger Swiss Franc has helped to curb inflation in Switzerland, it has impacted domestic businesses.

Economy

Swiss banks predict record results for 2023 financial year

Banks in Switzerland forecast record results for the 2023 financial year, with the majority also optimistic about future years.

Economy

SNB holds interest rate unchanged

The Swiss National Bank (SNB) has left its policy interest rate unchanged at 1.75%, as forecast by analysts, citing easing inflation yet ongoing global economic uncertainty.

Economy

Switzerland's GDP up 0.3% in Q3

The Swiss economy grew by 0.3% in the third quarter of this year, according to a government statement on Friday, as the service sector helped to counter weakening growth in manufacturing.

Politics

Switzerland prepares for talks with EU on new deal

Switzerland is getting ready to begin discussions on a new relationship with the European Union, over two years since prior negotiations came to a halt.

Markets

SNB cuts rates on overnight deposits

On Monday, the Swiss National Bank (SNB) announced it would lower the amount of interest paid to commercial banks for funds deposited overnight.

Politics

SVP pledges “less political correctness” after election victory

Since the Swiss People’s Party (SVP) won Sunday’s election in Switzerland with 29% of the vote, the party leader, Marco Chiesa, has pledged more pragmatism and “less political correctness.”

News from all categories

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Media contact

deVere Switzerland’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Switzerland’s Head of Public Relations on [email protected] or call +44 2071220925