by Additional data on money market operations and more frequent publication of volume of foreign exchange market interventions From 30 September 2020, the Swiss National Bank will be publishing more detailed data on its money and foreign exchange market operations on its data portal. Regarding money market operations, the SNB will now publish information on the conditions and volume of individual monetary policy-related transactions at the end of each month for the previous month. With respect to foreign exchange market operations, the volume of which has hitherto been communicated annually in the accountability report, the volume of interventions will now be disclosed at the end of each quarter for the previous quarter. Download PDF
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Additional data on money market operations and more frequent publication of volume of foreign exchange market interventions
From 30 September 2020, the Swiss National Bank will be publishing more detailed data on its money and foreign exchange market operations on its data portal. Regarding money market operations, the SNB will now publish information on the conditions and volume of individual monetary policy-related transactions at the end of each month for the previous month. With respect to foreign exchange market operations, the volume of which has hitherto been communicated annually in the accountability report, the volume of interventions will now be disclosed at the end of each quarter for the previous quarter.
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In view of continuing improvements in U.S. dollar funding conditions and the low demand at recent 7-day maturity U.S. dollar liquidity-providing operations, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to further reduce the frequency of their 7-day operations from three times per week to once per week.
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In the second quarter of 2020, the current account surplus amounted to CHF 10 billion; in the same quarter of 2019 it was CHF 21 billion. This decline was principally due to lower receipts from direct investment abroad. While the goods trade balance and the services trade balance changed only marginally, there was a significant decrease in receipts and expenses.
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