SNB News
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The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
2024-10-03 – Martin Schlegel: Eighth Karl Brunner Distinguished Lecture – Introduction of Kristin J. Forbes
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Read More »2024-10-02 – Financial markets – Selected data from the Quarterly Bulletin 3/2024
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Read More »2024-10-02 – Publications – Quarterly Bulletin 3/2024
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Read More »ES – 2024-10-02 – Simon Alder, Simon Beyeler, Laura Felber, Jonas Huwyler, Christoph Meyer, Simon Niederberger and Rina Rosenblatt-Wisch: A timely measure of wage growth on the basis of payment system data
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Read More »2024-10-01 – Financial markets – Interest rates and exchange rates, October 2024
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Read More »2024-09-30 – Financial markets – Important monetary policy data, 30 September 2024
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Read More »2024-09-30 – Financial markets – SNB balance sheet items end of August 2024
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Read More »2024-09-30 – Financial markets – IMF SDDS Plus, 30 September 2024
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Read More »WP – 2024-09-30 – Terhi Jokipii and Jayson Danton: A decade of low interest rates: impact on Swiss bank profitability
We analyse the impact of interest rates on Swiss banks' profitability. Our assessment is based on annual data on individual bank balance sheets and income statements in a standard panel regression setting for a sample of domestically focused commercial banks. We find that net interest rate margins (NIM) and return on assets (ROA) exhibit different sensitivities to market interest rate levels and highlight the non-linear effect of compressed liability margins on NIM. In addition,...
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