Swiss National Bank

Latest news and articles about Swiss National Bank from NEX English

Decline in Mobile Payment App Usage in Switzerland Continues

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 Rises to Highest Level in March

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>.