Media playback is unsupported on your device

Strong franc causes concern in Switzerland

The Swiss National Bank has cut its target for inter-bank lending in an attempt to lower demand for the Swiss franc, which is seen as a safe investment amid concerns over the euro and US dollar.

The rapid rise of the currency is a concern for exporters and is also having an impact on Switzerland's tourism industry, as Theo Leggett reports.

  • 03 Aug 2011
Go to next video: Swiss tourism hit by strong franc