18 September 2015
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Swiss National Bank says franc still overvalued
The Swiss National Bank kept interest rates at record lows and signaled the recent depreciation of the franc hasn’t diminished its willingness to intervene in currency markets if needed. The central bank, led by President Thomas Jordan, left its rate on sight deposits at minus 0.75 percent. By Catherine Bosley (Bloomberg) Read more.
Swiss growth to stay below average in 2016
Switzerland’s economic growth will stay below its potential this year and next, the government said. Output will expand 0.9 percent in 2015 and 1.5 percent in 2016, the State Secretariat for Economic Affairs in Bern said on Thursday. By Catherine Bosley (Bloomberg). Read more.
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