The Swiss National Bank has cut interest rates once again. It’s down by another quarter of a percent at 1.25%.
Switzerland is the first major country to start on a rate cutting programme. The decision shows the bank is confident inflationary pressures are easing.
Analysts were largely expecting a hold decision from the bank this time.
For the past year, inflation has been between the zero and 2% band - which the bank considers to be acceptable.
No, no - and yes. Federal votes
The A1 won’t be getting a new lane between Geneva and Nyon, landlords won’t have more power to evict tenants – but healthcare will be reformed.
Geneva gets tax cut - but no bridge
In Geneva, unsurprisingly, the voters agreed to have a tax cut. It will work out at an average of 8.7% - but middle earners could be paying 11% less.
What to do with autoroute cash?
Back to the federal votes – the political battle lines are already being drawn up on what to do with the CHF 5bn that would have been used on the roads.
Cornavin running normally - except for track numbers
Trains are running normally from Cornavin this morning after the station was closed to all traffic over the weekend.
Teams defuse WW2 bomb
Bomb disposal teams worked over the weekend to make safe a British World War II device that had been discovered on a construction site in Annecy last month.
Gamekeepers shot wrong wolves
Gamekeepers in canton Valais have shot many of the wrong wolves.
