Swiss central bank holds interest rates, with eye on currency risks (opens in new tab)

Since the Middle East conflict began at the end of February, "the rise in energy prices has led to higher inflation worldwide", said Swiss National Bank (SNB) chairman Martin Schlegel. However, "the increase in inflation has been smaller in Switzerland than in many other countries", he told a press conference in the capital Bern. "At 0.6 percent, inflation is relatively low by international standards and lies within the range consistent with price stability," he said, a rate the bank sees as ...