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Swiss Economy Expands Most Since 2021

Swiss Economy Expands Most Since 2021

Switzerland's economy expanded at the fastest pace in nearly five years in the second quarter, the State Secretariat for Economic Affairs, or SECO said Thursday. Gross domestic product logged a quarterly growth of 1.5 percent, the fastest since the third quarter of 2021. The rate matched the preliminary estimate released in August and followed a growth of 0.5 percent in the first quarter.
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Swiss Central Bank Keeps Rate On Hold

Swiss Central Bank Keeps Rate On Hold

The Swiss National Bank left its policy rate unchanged on Thursday as inflation continues to remain well within the target. The central bank left its policy rate at zero percent, in line with market expectations. The SNB had lowered the key rate by 175 basis points since March 2024.
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Switzerland GDP Expands Less Than Estimated In Q1

Switzerland GDP Expands Less Than Estimated In Q1

The Swiss economy expanded less than estimated in the first quarter on subdued domestic demand, data from the State Secretariat for Economic Affairs, or SECO, showed Monday. Gross domestic product grew 0.4 percent in the first quarter, which was revised down from the initial estimate of 0.5 percent.
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Swiss Central Bank Keeps Key Interest Rate At Zero

Swiss Central Bank Keeps Key Interest Rate At Zero

The Swiss National Bank decided to hold its benchmark rate and signaled increased willingness to intervene in the foreign exchange market to counter the excessive appreciation of currency amid the conflict in the Middle East. The central bank left its policy rate at zero percent on Thursday, in line with market expectations.
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Swiss Economy Rebounds In Q4

Swiss Economy Rebounds In Q4

Switzerland's economy returned to growth in the fourth quarter, with the service sector expanding despite flat industrial output, the flash estimate from the State Secretariat for Economic Affairs, or SECO, showed on Monday. Gross domestic product expanded 0.2 percent on a quarterly basis, in contrast to the 0.5 percent contraction in the third quarter.
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Swiss Central Bank Keeps Rate Unchanged For Second Time

Swiss Central Bank Keeps Rate Unchanged For Second Time

The Swiss National Bank left its interest rate unchanged for the second straight meeting on Thursday and downgraded its inflation outlook. The SNB maintained its policy rate at zero percent, in line with expectations. The central bank had reduced the key rate by 175 basis points since March 2024. The bank exited its negative rate in 2022 after holding it for over seven years.
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Swiss Economy Shrinks As Estimated

Swiss Economy Shrinks As Estimated

Switzerland's economy contracted in the third quarter as the front-loading effects linked to the US trade policy faded, the State Secretariat for Economic Affairs reported Friday. Gross domestic product shrank 0.5 percent sequentially, reversing a 0.2 percent rise in the second quarter. The SECO confirmed the estimate published on November 17.
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Swiss National Bank Pauses Policy Easing

Swiss National Bank Pauses Policy Easing

The Swiss National Bank left its policy rate unchanged after easing for six straight meetings as higher US trade tariff dampened the economic outlook amid weak inflation. The SNB retained its policy rate unchanged at zero percent, as widely expected. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold.
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Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
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Swiss Central Bank Lowers Policy Rate To Zero As Expected

Swiss Central Bank Lowers Policy Rate To Zero As Expected

The Swiss National Bank reduced its policy rate to zero on Thursday as inflation turned negative and the currency strengthened further amid global trade tensions. The bank decided to lower the SNB policy rate by 0.25 percentage points to zero percent. This was the sixth consecutive reduction. The bank has reduced the key rate by 175 basis points since March 2024.
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