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    <title>Business Recorder - Business &amp; Finance - Money &amp; Banking</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Thu, 13 Aug 2026 13:49:21 +0500</pubDate>
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      <title>Chairman SNB says Swiss exports "remarkably elastic"</title>
      <link>https://www.brecorder.com/news/8135/chairman-snb-says-swiss-exports-qremarkably-elasticq</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/swiss.404.jpg" width="400" height="289" /&gt;GENEVA&lt;span style="font-size: 10pt;"&gt;: Swiss exports have proven to be "remarkably resilient" given the strength of the Swiss franc, Swiss National Bank Chairman Philipp Hildebrand said on Tuesday.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;"The exports were remarkably resilient in light of the appreciation of the Swiss franc, Hildebrand told journalists in &lt;/span&gt;Geneva&lt;span style="font-size: 10pt;"&gt;.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;Earlier on Tuesday, data showed Swiss exports had remained robust in February, rising 16 percent in real terms from a year earlier, the Federal Customs Office said.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;The franc has hit new record highs against the dollar this month, helped by its appeal as a safe haven currency during turmoil in the &lt;/span&gt;Middle East&lt;span style="font-size: 10pt;"&gt; and &lt;/span&gt;North Africa&lt;span style="font-size: 10pt;"&gt; and &lt;/span&gt;Japan&lt;span style="font-size: 10pt;"&gt;'s devastating earthquake and nuclear crisis.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;Last week, the central bank left its interest rate target unchanged at ultra low levels, saying price stability was secured in the short term. &lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;It also raised its 2011 growth forecast to around 2.0 percent from 1.5 percent.&lt;/span&gt;&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright Reuters, 2011&lt;/b&gt;&lt;/i&gt;&lt;br /&gt;&lt;/center&gt;&lt;/span&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/swiss.404.jpg" width="400" height="289" />GENEVA<span style="font-size: 10pt;">: Swiss exports have proven to be "remarkably resilient" given the strength of the Swiss franc, Swiss National Bank Chairman Philipp Hildebrand said on Tuesday.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">"The exports were remarkably resilient in light of the appreciation of the Swiss franc, Hildebrand told journalists in </span>Geneva<span style="font-size: 10pt;">.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">Earlier on Tuesday, data showed Swiss exports had remained robust in February, rising 16 percent in real terms from a year earlier, the Federal Customs Office said.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">The franc has hit new record highs against the dollar this month, helped by its appeal as a safe haven currency during turmoil in the </span>Middle East<span style="font-size: 10pt;"> and </span>North Africa<span style="font-size: 10pt;"> and </span>Japan<span style="font-size: 10pt;">'s devastating earthquake and nuclear crisis.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">Last week, the central bank left its interest rate target unchanged at ultra low levels, saying price stability was secured in the short term. </span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;">It also raised its 2011 growth forecast to around 2.0 percent from 1.5 percent.</span></p>
<p class="MsoPlainText"><span style="font-size: 10pt;"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></span></p>
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      <category>Business &amp; Finance</category>
      <guid>https://www.brecorder.com/news/8135</guid>
      <pubDate>Tue, 22 Mar 2011 11:38:45 +0500</pubDate>
      <author>none@none.com (Muhammad Iqbal)</author>
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