Cash no longer king? Swiss National Bank begs to differ
The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.
Feb 27, 2017, 18:14 PM IST
SNB says spent $27 billion to defend franc before dropping peg
The Swiss National Bank (SNB) spent 25.8 billion Swiss francs ($26.91 billion) defending the currency late last year before abandoning its peg as too costly for the country`s economy, it said on Thursday.
Mar 26, 2015, 14:12 PM IST
Swiss bank holds key rate but warns of deflation risk
Switzerland`s central bank held its key lending rate on Thursday but revised downwards its forecast for prices, warning that "deflation risks have increased once again".
Dec 11, 2014, 17:45 PM IST
