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Did You Know ...? 5 July 2022

Did you know ...? Swiss consumer price inflation touched a 29-year high of 3.4% in June, more than economists had expected and the first time inflation in Switzerland has topped 3% since 2008. The reading – the fifth month in a row that inflation has risen above the Swiss National Bank's 0-2% target range – fuelled talk that the central bank could soon tighten policy again after last month hiking its policy rate for the first time in 15 years. "The SNB raised its policy rate from -0.75% to -0.25% in June and we think there is a good chance it will lift it into positive territory before the next scheduled meeting, in September – possibly after the imminent ECB rate rise, on 21 July," analyst David Oxley at Capital Economics wrote to clients, reports Reuters.

Did you know ...? Polish retailer Dino Polska opened 162 stores in the first half of 2022, compared to 150 in the same period last year, it said in a statement. The group's total store network now encompasses 1,975 stores, compared to 1,622 as of the same period last year reports Esmmagazine.com. Its total sales area covers 775,000 square metres, up from 633,200 square metres a year ago. Last week, Dino Polska's management said that it was considering a bond issue within the framework of the group's established bond issuance programme.

Did you know ...? The fourth Belfast Whiskey Week will take place from Friday 22 July until Saturday 30 July, reports HospitalityIreland.com. Featuring over 100 events, Belfast Whiskey Week will span nine days in partnership with 14 venues city wide and deliver sessions with over 40 brands and distilleries. Designed to cater for a wide range of festival goers, this year's programme includes heritage walking tours, music, talks, food pairing sessions and a speed dating event.

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.

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