SNB held Franc's ceiling, interest rate unchanged

Note: This section contains information in English only.
Source: Businessweek

The Swiss National Bank announced on Thursday that it will continue to defense the Franc via purchases of foreign currencies in 'unlimited quantities', maintaining the EUR/CHF floor at 1.20. The Swiss central bank will also hold the benchmark interest rate unchanged at the level of 0%, which is in compliance with expectations.

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Thu, 13 Sep 2012 12:36:51 GMT

Producer prices in Switzerland grew by 0.5% in August

The Swiss Federal Statistical Office reported on Thursday that Switzerland's PPI increased in August, which was the first gain of the index for the last five months. Producer price index grew to 0.5%, whereas analysts expected that it would decline to minus 0.4%. Year over year, the index fell to 0.1%, confounding economist's expectations of a 0.7% decline.

Thu, 13 Sep 2012 09:14:49 GMT

France pushes Spain to accept EU help

France is making a pressure on Spain to ask help from the European Union and scatter German concerns. French representatives want Spain to request the EU's bailout fund in order to consolidate bond rates of the troubled countries. French pressure is the only way to make sure that Spain will not backtrack and delay domestic reforms till the deals will be done as it was

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