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2025 - A Decade Post-Currency Shock: How a Strong Franc Fuels Growth and a Weak Euro Drives Downturn

Summary by The Latest News
On January 15, 2015, Switzerland faced a dramatic plunge in the Euro’s value, prompting the Swiss National Bank to abandon its fixed exchange rate with the Franc. Despite initial turmoil and criticism of SNB President Thomas Jordan, this decision ultimately enhanced Switzerland’s monetary independence. The country navigated global inflation effectively, maintaining a low rate while witnessing industrial growth. The experience underscored the dis…
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2025 - A Decade Post-Currency Shock: How a Strong Franc Fuels Growth and a Weak Euro Drives Downturn

On January 15, 2015, Switzerland faced a dramatic plunge in the Euro’s value, prompting the Swiss National Bank to abandon its fixed exchange rate with the Franc. Despite initial turmoil and criticism of SNB President Thomas Jordan, this decision ultimately enhanced Switzerland’s monetary independence. The country navigated global inflation effectively, maintaining a low rate while witnessing industrial growth. The experience underscored the dis…

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Le TempsLe Temps

Ten years after the “shocking” decision of the SNB, Kuhn Rikon, Steiger and Maurice Lacroix have learned to live with a strong franc

On January 15, 2015, to everyone's surprise, the Swiss National Bank decided to lift the floor rate that kept the exchange rate between the euro and the franc stable. It was a shock for Swiss businesses. Ten years later, three of them tell us how they are coping with the appreciation of the national currency. It is shortly before 10:30am. And today is Thursday, January 15, 2015. A simple press release from the Swiss National Bank (SNB) is causin…

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Le Temps broke the news in on Saturday, January 11, 2025.
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