Brought to you by Investec Switzerland. The Swiss economy returned to growth at the end of last year as it fought off the impact of a currency shock that had threatened to push the country into a recession. Gross domestic product rose 0.4 percent in the three months through December, after contracting 0.1 percent in the […]
Swiss National Bank announcement pushes franc higher
Brought to you by Investec Switzerland. The Swiss National Bank (SNB) announced today that it is maintaining its expansionary monetary policy. The target range for three-month Libor remains unchanged at between –1.25% and –0.25%, and the interest rate on sight deposits with the SNB stays the same at –0.75%. The announcement pushed the franc as high […]
