Influx prompts Swiss rate rise

Switzerland raised interest rates for the seventh time in a row on 14 June 2007, as the central bank acknowledged that opening the country’s borders to European Union citizens had accelerated economic growth.

Swiss National Bank: Press Release, 14.6.07: Introductory remarks by Jean-Pierre Roth http://www.snb.ch/en/mmr/speeches/id/ref_20070614_jpr/source/ref_20070614_jpr.en.pdf

---