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.
Man drowns in Rhone after fight
A man has drowned in the Rhône River in Geneva after falling into the water during a fight near the Usine night club.
Govt allows US humanitarian overflights during Iran war
Three American military aircraft involved in the war in Iran have been granted permission to use Swiss airspace.
Concern as govt raises health insurance deductible
The Swiss Trade Union Federation has condemned a federal plan to raise the minimum health insurance deductible from 300 to 400 francs.
Geneva to pedestrianize large areas of Rive
The City of Geneva has given the go ahead to pedestrianize large areas of Rive.
Summer camps can be tax deductable
The Federal Court has ruled that children’s summer camps can qualify as tax-deductible childcare. The decision overturns a challenge by Geneva’s tax authorities.
Call to end first class on trains
A petition has been launched calling for the abolition of first-class on trains.
