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.
Switzerland through to quarters
Switzerland is through to the World Cup quarter finals after beating Colombia in a penalty shoot out.
Heat alerts for rest of week
MeteoSuisse has issued a level-three heatwave warning for most of French-speaking areas from today, with the new wave now set to run until Sunday.
Mont-Blanc glaciers melting fast
The Mont-Blanc glaciers, just over an hour from Geneva, are melting a month ahead of schedule after a low-snow winter and June's record heatwave.
Drugged rape victims could get better insurance cover
Victims of chemical-submission rape should be covered by accident insurance under a Federal Council plan that has won broad backing in consultation.
Laid off UN workers struggle in private sector
More than 1,300 aid workers, consultants and UN staff have been laid off in Geneva since the start of 2025, as US funding cuts and the UN80 reform ripple through International Geneva.
House prices rise further
Swiss residential property has become more expensive again, with apartment asking prices up 4.5% over the year and single-family homes up 3.1%.
