After unexpected lower inflation numbers yesterday, the Swiss franc fell on the currency markets.
The markets had expected inflation to come in at around the central bank’s target of 2%, but in fact it was 1.3%.
The Swiss National Bank‘s target rate is 1.8% for the first quarter of this year, but the latest numbers mean it’s almost certainly going to undershoot.
This is fuelling expectations the SNB may be the first central bank in the G10 to cut interest rates.
Heavy snow causes chaos
Heavy snowfall across central parts of the country brought chaos, cancelled trains, blocked roads and children building snowmen on the autoroute.
Geneva car tax issue dominates Grand Council
Although it wasn’t on the agenda for last night’s meeting of the Geneva Grand Council, the issue of the new vehicle tax dominated proceedings.
Franc strongest against euro
It’s good news for cross border shopping and frontaliers – the franc has reached its highest level against the Euro.
SRG/SSR faces massive cuts
Are the days numbered for public service broadcasting?
People now back nuclear power
A new survey suggests public opinion towards nuclear power has changed dramatically.
4m e-vignettes sold
Four million people last year chose to forgo the sticky mess of a vignette on their car and bought an electronic one instead.
