France, Germany, United States or Italy. Abroad, as in Switzerland, the rise in interest rates is accelerating while stock market prices continue to fall. To counter inflation, which remains modest in Switzerland, the era of negative interest rates is well and truly over. As a result, the stock exchanges suffer the blow, it’s a mess on the markets. The losses are high for everyone: private investors, health insurance company, pension funds but also the National Bank (SNB). The establishment’s reserves are melting, reveals the The New Zurich Times. Losses might reach 140 to 150 billion francs since the beginning of the year.
