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.
Accident caused major disruption - man seriousy injured
Geneva rush hour traffic was severely disrupted yesterday afternoon after a 19-year-old scooter rider was hit by a tram in Rive.
Last victim of April avalanche found
The body of a 30-year-old Canadian national who was caught up in an avalanche on April 1st has been found.
TPG passengers back to pre-pandemic levels
The number of people using public transport in Geneva is now back to the levels seen before the pandemic.
SBB to change announcement for suicide deaths
Swiss Federal Railways will change the announcement which refers to a delay which occurs after a person dies by suicide at a train station.
Locals outraged at high rents
A new apartment complex is creating some controversy due to the high rents – with many residents aghast that prices have become so high.
Over 500 Asian hornets trapped
Wildlife authorities in the French department of Haute Savoie are hailing their success for trapping Asian Hornets.
