Low water is making inland shipping less reliable. More freight may move by road and rail, pushing up transport costs—and, eventually, consumer prices. In August the Rhine at Kaub, a key measuring point in Germany, fell to just six centimetres, a record low, according to Reuters. The Rhine was not alone. Rivers across Europe, including […]
Swiss central bank maintains world’s lowest rate
The Swiss National Bank (SNB) has left its policy rate unchanged at zero, the lowest policy rate in the world. Inflation remains subdued. Consumer prices rose by 0.8% in August, the highest rate in two years but still comfortably within the SNB’s definition of price stability, which covers inflation of between zero and 2%. The […]
Swiss wealth inequality may not have widened after all
Switzerland appears, at first glance, to be an ideal country in which to measure wealth inequality. It levies an annual personal wealth tax, producing unusually rich tax data. Yet those tax records miss a large share of household wealth. A recent CES ifo paper estimates that roughly half of Swiss private wealth is absent from […]
Revolut moves to secure a Swiss banking licence
Revolut already has 1.3m customers in Switzerland. Now it wants a Swiss banking licence. Why? A new force may soon emerge in Swiss banking—though it is hardly a newcomer. Revolut, a British fintech firm, already has 1.3m customers in Switzerland. The firm has applied to the Swiss Financial Market Supervisory Authority (Finma) for a banking […]
Swiss housing acutely scarce again
Switzerland’s housing market tightened further in 2026 to reach a vacancy rate below 1% for the first time since 2013. On June 1st, 45,493 homes stood empty, according to the Federal Statistical Office (FSO), equivalent to 0.93% of the housing stock. That was 0.07 percentage points lower than a year earlier. The number of vacant […]
Most Swiss electricity bills to fall in 2027
Swiss households will get some relief from high electricity bills next year. Prices in the regulated basic-supply market will fall by a median 4% in 2027, according to ElCom, the federal electricity regulator. A typical household consuming 4,500kWh a year will pay about CHF 1,194, CHF 53 less than in 2026. The decline is being […]
Swiss canton votes on a 12% tax cut
On September 27th voters in Vaud will decide whether to cut cantonal income and wealth taxes by 12%. Business groups say the measure would ease the tax burden and bolster purchasing power. The cantonal government, left-wing parties and trade unions warn that it would blow a hole in the public finances. The initiative is one […]
Switzerland’s gender pay gap shrinks to its lowest ever
Switzerland’s gender pay gap narrowed again in 2024. Women earned 15.7% less than men on average, down from 16.2% in 2022, according to the Federal Statistical Office (FSO). The unexplained difference narrowed to 6.5%. The trend is longstanding. Across the economy, including both the private and public sectors, the gap stood at 19.0% in 2018 […]
Why home ownership varies so sharply across Switzerland’s cantons
Switzerland’s housing market varies significantly by region. The chances of owning a home depend heavily on the canton in which one lives. Switzerland’s home-ownership rate is low by European standards, but the national figure hides a much more interesting story. In 2024, 35.7% of permanently occupied homes were owner-occupied. Yet the gap between cantons was […]
Swiss GDP growth holds steady in 2025
Switzerland’s economy grew by 1.6% in real terms in 2025, compared with 1.5% in 2024. The broadly steady pace of expansion was driven mainly by strong domestic demand, which rose by 2.5%. Investment was particularly buoyant, increasing by 3.5%, reported the Federal Statistical Office (FSO). The 2025 figure is slightly below Switzerland’s recent long-run norm. […]
