The Local Switzerland

Mobile phones 'cheaper without subscriptions'

Thu, 11 Jun 2015 00:52:37 +0200

Most mobile operator deals in Switzerland that offer smartphones for free with subscriptions end up costing more than phones bought separately and signed up for contracts, consumer rating company Comparis says.

Swiss mortgage rates hit new historic lows

Wed, 14 Jan 2015 12:16:00 +0100

Mortgage rates have fallen to a new historic low in Switzerland, according to latest figures issued this week.

Banks vow negative rates won't be passed on

Fri, 19 Dec 2014 09:21:00 +0100

Major banks in Switzerland say they have no intention of charging small savers negative interest rates in the wake of the Swiss National Bank’s decision this week to charge such rates to financial institutions.

Negative interest rates comment softens franc

Thu, 11 Sep 2014 01:18:00 +0200

The Swiss franc dipped against other currencies, including the euro and the dollar, on Wednesday after a representative of the central bank of Switzerland said it is prepared to introduce negative interest rates to restrain the currency.

Central bank maintains low rates and franc floor

Thu, 20 Mar 2014 19:04:00 +0100

Switzerland's central bank on Thursday kept its key interest rate unchanged and restated its longstanding pledge to prevent the Swiss franc from gaining too much value.

Swiss mortgage rates move sharply higher

Mon, 01 Jul 2013 11:52:00 +0200

Home buyers in Switzerland face a sudden recent increase in mortgage rates that signals the end of the low-interest era, according to a media report.

Bank holds interest rate and growth forecast

Thu, 16 Jun 2011 11:59:00 +0200

The Swiss central bank kept its key interest rate and 2011 growth forecast unchanged on Thursday, but warned that "downside risks predominate."