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.