Switzerland: Government to hold off on new Covid-19 restrictions for now

Joel Frank Independent Analyst

According to Reuters, the Swiss government is to hold off on imposing any new nationwide restrictions to curb the spread of Covid-19 for now, despite characterising the health situation as "critical". The government said it expects the health situation to continue worsening in the coming weeks, which could lead to a rapid rise in hospitalisations.

"In light of the relatively low occupation of COVID-19 patients in (hospitals') intensive care units and strong regional differences, the moment has not yet come in the Federal Council's opinion to tighten measures throughout Switzerland" a government statement said on Wednesday.

Market Reaction

The Swiss franc has not seen any notable reaction to the latest news out of Switzerland.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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