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Unemployment Rate (Switzerland)
Event Date: Thursday, September 21, 2023
Event Time: 07:30 CET
SNB to Raise Rates to 2.00%
Updated Sunday, September 17, 2023
EVENT ENDED
The Swiss National Bank (SNB) has been keeping interest rates negative at -0.75% for a long time and raised interest rates in the last meeting in June by 0.50%, bringing them to -0.25%. They raised again to 1.75% and are expected to deliver another 25 bps hike now which will take rates to 2.00%. Please follow us for live coverage of this event by live market analysts.
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About Unemployment Rate (Switzerland)
Percentage of the total work force that is unemployed and actively seeking employment during the previous month. Released monthly, about 9 days after the month ends. This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
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