Brought to you by Investec Switzerland. The Swiss National Bank’s surprise decision a year ago to remove its ceiling on the franc was justified, according to the vast majority of economists in Bloomberg’s monthly survey. The SNB abandoned the cap on Jan. 15 of last year, saying interventions to sustain it would have been out […]
The Swiss introduce their version of a 35-hour week
On 27 January 2015 the Swiss government announced that Swiss companies could reduce their wage bills by cutting staff working hours and compensate them for the lost pay with partial unemployment benefits. The objective of the measure is to limit layoffs brought about by the rapid rise of the Swiss franc. Companies are required to […]
Here’s something 250% more expensive in Switzerland
For those British expats in Switzerland that haven’t been able to make the transition from Weetabix to Bircher muesli, buying your favourite brand of cereal across the boarder just got even cheaper after the Swiss National Bank scrapped the CHF-EUR exchange rate cap. Some price differences just leave you scratching your head. This is one […]
Swiss National Bank scraps exchange rate cap
In a surprise move the Swiss National Bank shocked the world today when it announced that it would stop managing the Swiss franc to an exchange rate of CHF 1.20 to 1.00 Euro. At the same time, it announced that it is lowering the interest rate on sight deposit account balances by 0.5 percentage points, to […]
