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Antoine Martin, Vice President of the Swiss National Bank, stated that the bank remains increasingly prepared to intervene in currency markets amid notable volatility. This announcement comes as investors express concerns about currency stability.
A recent survey by the Swiss National Bank reveals a slight decline in mobile payment app usage over the past year, with cash remaining a popular payment method among Swiss consumers. The survey indicates that 30% of transactions were conducted using cash, reflecting a strong preference for physical currency.
Inflation in Switzerland increased to <strong>0.3%</strong> year-on-year in March 2023, driven by rising fuel costs. However, this figure was lower than analysts' expectations of <strong>0.5%</strong>.