The first Federal Reserve monetary policy meeting chaired by Janet Yellen will reduce the Fed’s monthly pace of asset purchases by another $10 billion, economists project.
Switzerland’s decision to limit immigration will hurt economic growth, according to economists who cover the country.
German stocks advanced, following their biggest decline in more than two weeks, as a gauge of European carmakers advanced.
Swiss National Bank officials are counting the cost of their zero interest-rate policy.
Swiss National Bank Governing Board member Fritz Zurbruegg said managing the central bank’s foreign- currency reserves of 424.4 billion francs ($448 billion) is a “major challenge.”
Switzerland’s economy expanded more than economists expected in the third quarter, with exports helping it perform better than neighboring Germany.
The Swiss central bank today may keep borrowing costs on hold as the franc’s surge prevents policy makers from raising rates to fight inflation threats.
Swiss National Bank President Thomas Jordan is about to explain why he’s keeping the ceiling on the franc even if the crisis that justified it has receded.
Switzerland’s economy probably kept growing in the first quarter as domestic demand and the central bank’s currency cap kept at bay the recession afflicting many of its neighbors.
The Swiss franc weakened to its lowest in more than three weeks against the euro amid signs of the euro area’s economy is gaining strength.