The Swiss National Bank has raised interest rates in an effort to curb inflation.
At a press conference yesterday, the bank says rates will climb by 50 basis points to 1.5%.
Inflation is high by Swiss standards, at 3.4% – although still lower than the US and European countries.
The bank is also warning that growth is likely to stay subdued for the rest of the year.
It says that’s down to lower international demand and a cut in consumer spending power due to inflation.
Health officials say flu season has not peaked
Health officials in Switzerland are warning that the flu season has not yet peaked.
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Switzerland is bracing for severe weather as a powerful storm system approaches northern Europe.
Sales of fire protection equipment soar
The recent tragedy in Crans-Montana is making everyone think of their safety.
Two deaths at Savoie ski resorts
Two fatal incidents have been reported at ski resorts in the French Alps.
Govt should regulate social algorithms
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Motorists stranded in cold weather
The TCS says it has been inundated with call-outs as freezing temperatures grip the country.
