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Articles by SwissNationalBank
2019-07-09 – SNB Working Papers – Does the IMF Program Implementation Matter for Sovereign Spreads? The Case of Selected European Emerging Markets7 days ago
The Swiss National Bank has today published its report Banks in Switzerland 2018 and the corresponding data for its annual banking statistics.1 The most significant events are summarised below.
As at the end of 2018, there were 248 banks in Switzerland. Of this number, 216 reported a profit with an aggregated total of CHF 12.8 billion. Losses amounting to CHF 1.3 billion were recorded by 32 banks. The aggregate result of the period across all banks was thus CHF 11.5 billion, an increase of CHF 1.7 billion over 2017. The big banks contributed CHF 4.9 billion to the result of the period, with cantonal banks and stock exchange banks adding CHF 2.9 billion and CHF 1.5 billion respectively.
The aggregate balance
2019-06-21 – Press release – Swiss balance of payments and international investment position: Q1 201925 days ago
2019-06-18 – Financial markets – Public bonds of the Swiss Confederation according to maturity (situation at 18.06.2019)28 days ago
2019-06-13 – Speech – Thomas Jordan, Chairman of the Governing Board: Introductory remarks, news conferenceJune 13, 2019
2019-06-13 – Speech – Fritz Zurbrügg, Vice Chairman of the Governing Board: Introductory remarks, news conferenceJune 13, 2019
2019-06-13 – Speech – Andréa M. Maechler, Member of the Governing Board: Introductory remarks, news conferenceJune 13, 2019
Swiss National Bank leaves expansionary monetary policy unchanged and introduces SNB policy rate
The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is unchanged at –0.75%. The SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.
The Swiss National Bank is today introducing the SNB policy rate.1 From now on, it will use this rate in taking and communicating its monetary policy decisions. The SNB policy rate replaces the target range for the three-month Libor used previously, and currently stands at −0.75%.