The most important answers for the Swiss economy

The European Central Bank (ECB) is declaring war on skyrocketing inflation in the euro zone. Although the first increase in key interest rates since 2011 was considered a foregone conclusion, President Christine Lagarde (66) and the Governing Council of the ECB surprised with the sharp increase of 0.5 percentage points.

The turnaround in interest rates decided in Frankfurt (D) is also of great importance for Switzerland. The economies of Switzerland and the eurozone are closely intertwined. Germany is still considered Switzerland’s most important trading partner. Blick shows what the European rate hike means for Swiss savers, homeowners and holidaymakers.