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.
Fire victims will get federal money
Bern has announced it will pay each victim of the Crans Montana fire CHF 50,000 as a one time payment.
Climate fund idea set to be rejected
It looks set voters will reject the climate fund which will be decided on March 8th.
Tax reform set to be rejected
Another major issue which seems to be running into trouble is individual taxation.
Proposal to make e-ID vital for porn
Switzerland’s new electronic ID may be optional, but its future use is already sparking debate.
Small Geneva shops to fight 9pm alcohol ban
A group of small shop owners in Geneva have launched an initiative to end the ban on the sale of alcohol after 9pm.
Very wet February
February has been very wet - that's unlikely to be news to you.
