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Articles by SwissNationalBank
2021-07-01 – Financial markets – Public bonds of the Swiss Confederation according to maturity (situation at 01.07.2021)26 days ago
2021-06-22 – Press release – Swiss balance of payments and international investment position: Q1 2021June 22, 2021
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Swiss National Bank (SNB) – Web TV: SNB events
News conference of the Swiss National Bank of 17 June 2021
News conference of 17 June 2021, Berne, starting at 10:00 am (local time)
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2021-06-17 – Speech – Thomas Jordan, Chairman of the Governing Board: Introductory remarks, news conferenceJune 17, 2021
2021-06-17 – Speech – Fritz Zurbrügg, Vice Chairman of the Governing Board: Introductory remarks, news conferenceJune 17, 2021
2021-06-17 – Speech – Andréa M. Maechler, Member of the Governing Board: Introductory remarks, news conferenceJune 17, 2021
Swiss National Bank maintains expansionary monetary policy
The SNB is maintaining its expansionary monetary policy with a view to ensuring price stability and providing ongoing support to the Swiss economy in its recovery from the impact of the coronavirus pandemic. It is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%, and remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration. The Swiss franc remains highly valued. The SNB’s expansionary monetary policy provides favourable financing conditions, contributes to an appropriate supply of credit and liquidity to the economy, and counters upward pressure on the Swiss franc.
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2021-06-10 – Press release – Swiss National Bank, Banque de France and Bank for International Settlements Innovation Hub collaborate for experiment in cross-border wholesale CBDCJune 10, 2021
2021-05-25 – SNB Working Papers – Tiers of joy? Reserve tiering and bank behavior in a negative-rate environmentMay 25, 2021
Financial and real estate wealth of households increases
The Swiss National Bank is today publishing data on Q4 2020 as part of the financial accounts. Thus, household wealth data are now also available for the full year.
Overall, financial assets held by households increased by CHF 108 billion to CHF 2,851 billion (up 3.9%) in 2020. High capital losses in Q1 2020 due to falling stock market prices were followed by a recovery during the remainder of the year. Both transactions and capital gains contributed to this recovery.
The market value of real estate owned by households grew by CHF 94 billion to CHF 2,212 billion (up 4.4%) in 2020, principally due to rising real estate prices. Liabilities, which consist mainly of mortgages, rose by CHF 25 billion to CHF