Tag Archives: 1) SNB and CHF

BIS Triennial Survey: April 2022 survey The SNB has today published the results of the survey on turnover in foreign exchange and over-the-counter (OTC) derivatives markets in Switzerland. The data reflect the turnover in April 2022 of the banks surveyed. The survey is part of a global survey coordinated by the Bank for International Settlements (BIS) on foreign exchange and OTC derivatives trading. It is conducted every three years and in over 50 countries. This is...

In the recent past, the political and economic backdrop has changed dramatically. Inflation is far too high almost everywhere, and central banks are raising their policy interest rates at a time when stocks of government debt are large. In some places, central bank independence is being publicly called into question. Threats to central banks’ independence, and thus to their ability to fulfil their monetary policy mandates, are particularly acute in the current...

SNB Jordan is on the wires speaks in general terms: Central bank independence is crucial to fight inflation effectively central banks could face political pressures to slow down or postpone interest rate hikes to tackle inflation central banks more politically vulnerable as inflation rises Comments outline reasons why central banks in general need to remain independent. Will be on alert for any comments on monetary policy.   [embedded content]...

Die Schweizerische Nationalbank (SNB) ist zu weiteren Zinserhöhungen bereit, um die Inflation unter Kontrolle zu bringen. Es gebe vermehrt Anzeichen für Zweitrundeneffekte, sagte SNB-Direktoriumsmitglied Andrea Maechler am Mittwoch bei einer Veranstaltung in Zürich. “Es könnte wirklich gut passieren, dass wir auch noch weitere Zinsenerhöhungen machen müssen.” Die Schweizer Währungshüter hatten angesichts der gestiegenen Teuerung im vergangenen Monat den Leitzins um...

Swiss National Bank monetary policymaker Andrea Maechler is speaking at 1130 GMT, at an event titled: After the interest rate change: high inflation, rising interest. How will it affect the Swiss economy? In September: SNB raises policy rate by 75 bps to 0.50%, as expected EUR/CHF has been recovering from its recent lows: . [embedded content]...

The Swiss franc has hit an all-time high against the euro. Even though it trades at an unprecedented CHF0.95 to the euro, the strong franc no longer poses a threat to the Swiss economy. What has changed in the last ten years? More from this author On September 6, 2011, at 10am, the then president of the Swiss National Bank (SNB) Philipp Hildebrand made an important announcement to the media: “With immediate effect, the SNB will no longer tolerate a...

Thomas Jordan, Präsident des Direktoriums der Schweizerischen Nationalbank, in einem früheren Interview mit cash. Nach Beendigung der Negativzinsen sieht die Schweizerische Nationalbank (SNB) die Möglichkeit, dass die Zinsdifferenz zwischen der Schweiz und dem Ausland wieder steigen könnte, sagt Notenbankchef Thomas Jordan.. SNB-Präsident Thomas Jordan sagte in einem Interview mit der “NZZ” (Ausgabe 1.10.) auf die Frage, ob die anderen Notenbanken die Zinsen stärker...

To mark the centenary of the Swiss National Bank’s main building at Börsenstrasse 15, the SNB is publishing ‘The Swiss National Bank in Zurich: The Pfister Building 1922-2022’ (Verlag Scheidegger & Spiess). The volume showcases the architecture and documents the construction history of the building from its planning to the present day, including the structural adjustments made to meet changing requirements. It also sheds light on the rise of Zurich as a...

Monetary policy report Report for the attention of the Governing Board of the Swiss National Bank for its quarterly assessment of September 2022 The report describes economic and monetary developments in Switzerland and explains the inflation forecast. It shows how the SNB views the economic situation and the implications for monetary policy it draws from this assessment. The first section (‘Monetary policy decision of 22 September 2022’) is an excerpt from the press...

Third quarter of 2022 Report submitted to the Governing Board of the Swiss National Bank for its quarterly monetary policy assessment. The appraisals presented here are based on discussions between the SNB’s delegates for regional economic relations and company managers throughout Switzerland. In its evaluation, the SNB aggregates and interprets the information received. A total of 209 company talks were conducted between 19 July and 6 September. Key points Turnover...