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Switerland GDP Unmoved In Q3
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👤Arthur Greene
🕔December 2, 2016
Gross domestic product was unchanged in the third quarter after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent.
The expenditure side breakdown of GDP showed that consumption contributed very little to growth. While investment underpinned growth, net trade had a negative effect.…
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👤Arthur Greene
🕔October 25, 2016
Yesterday, the Swiss National Bank (SNB) Chairman, Thomas Jordan, stated again that the central bank could cut its negative interest rates even more, if found necessary. He also added that negative interest rates are appropriate for now despite the risks associated with it, citing significant overvaluation of Swiss Franc and globally low interest rates.…
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Swiss FOREX Reserves at Record High
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👤Arthur Greene
🕔August 6, 2016
The Swiss national Bank’s foreign currency reserves soared to a fresh record high in July, undermining the bank’s active struggle to keep the Swiss Franc from strengthening further. The currency reserves moved up to SFr615.4 billion from last month’s SFr6.4 billion, The SNB foreign currency reserve is currently SFr55.9 billion higher than it was at the beginning of the year.…
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