Swiss Watchmakers Urge SNB to Act on Franc Amid Export Slump
2 months ago
Swiss watchmakers have appealed to the Swiss National Bank (SNB) to intervene to stabilize the Swiss franc's exchange rate. This call comes in response to significant declines in export volumes that the industry has been experiencing in recent months. Watch companies express heightened concerns over the strengthening of the franc, which makes Swiss watches less competitive in international markets.
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Swiss Franc: A Key Factor for Low Inflation According to SNB President
3 months ago
The President of the Swiss National Bank (SNB), Thomas Jordan, stated that the strong value of the Swiss franc played a crucial role in maintaining the country's low inflation levels. According to him, the strength of the franc has been an important tool in combating inflationary pressures observed in the global economy.
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