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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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👤Isaac Ndegwa
🕔August 17, 2016
The Swiss ZEW – CS indicator has yet again experienced a decline. The trusted economic sentiment indicator for the Switzerland economy dopped 8.7 points to give a -2.8 points final reading. The 17th August result is a close reflection of the downward trend that was also witnessed in the June results.…
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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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