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.
Non-Swiss vote debate more complicated
Three major Geneva politicians have come out against an initiative to give foreigners the right to vote and to stand in local elections.
Hospital cut from insurance firm
A move by the health insurer, Groupe Mutual, has sent shockwaves through the local medical system.
Major demonstration against sacking of gay teacher
Hundreds demonstrated in Pfäffikon in canton Zurich against the dismissal of a gay teacher.
Vaud snow groomer dies from injuries
The man who was driving a snow groomer in canton Vaud, which plunged down a 400-meter slope at the beginning of last week, has died in hospital – says Vaud police.
Cycling fans brave the rain and Servette in the final
The rain didn’t put off thousands of people to watch the end of the Tour de Romandie in Geneva over the weekend.
Weekend jams at the Gotthard
There were major jams at the Gotthard Tunnel this weekend.
