Tag Archives: SNB Press Releases

The Swiss National Bank (SNB) has named Raghuram Rajan as this year’s speaker for its Karl Brunner Distinguished Lecture Series. Professor Rajan has made outstanding contributions to both economic practice and economic research on the global stage. His roles have included Governor of the Reserve Bank of India from 2013 until 2016 and Chief Economist at the IMF between 2003 and 2006. He has held a professorship at the...

Confederation and cantons to receive distribution of CHF 2 billion According to provisional calculations, the Swiss National Bank (SNB) will report a loss in the order of CHF 15 billion for the 2018 financial year. The loss on foreign currency positions amounted to CHF 16 billio n. A valuation loss of CHF 0.3 billion was recorded on gold holdings. The net result on Swiss franc positions amounted to CHF 2 billion. The...

Current Account Key figures: Current Account: Down 35.7% against Q3/2017 to 14.6 bn. CHF of which Goods Trade Balance: Down 23.9% against Q3/2017 to 10.5 bn. of which the Services Balance: Plus 8.7% to 5.0 bn. of which Investment Income: Minus 39.7% to 7.6 bn. CHF. Current Account Switzerland Q3 2018(see more posts on Switzerland Balance of Payments, Switzerland Capital Account, Switzerland Current Account,...

Swiss National Bank leaves expansionary monetary policy unchanged The Swiss National Bank (SNB) is maintaining its expansio nary mo netary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB remains at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign exchange...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in...

With effect from 1 October 2018, Gregor Bäurle will assume the function of Swiss National Bank (SNB) delegate for regional economic relations for the Central Switzerland region. He succeeds Walter Näf, who is taking on a new position, representing the SNB in the Swiss delegation to the OECD in Paris as of 1 January 2019. Following a research stay in the US as a visiting scholar, Gregor Bäurle received his doctorate in...

Current Account Key figures: Current Account: Up 27.0% against Q1/2018 to 22.1 bn. CHF of which Goods Trade Balance:  Up 4.8% against Q1/2018 to 15.2 bn. of which the Services Balance: Minus 20.6% to 4.6 bn. of which Investment Income: Plus 107.7% to 10.7 bn. CHF. Current Account Switzerland Q2 2018(see more posts on Switzerland Balance of Payments, Switzerland Capital Account, Switzerland Current Account,...

Swiss National Bank leaves expansionary monetary policy unchanged The Swiss National Bank (SNB) is maintaining its expansionary monetary policy,  thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB remains at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign exchange ...

The Swiss National Bank’s ‘Swiss Banknotes’ app is designed to help the public familiarise themselves with the new banknotes. The popular app, which has been downloaded some 100,000 times, now also showcases the new 200-franc note. It can be downloaded free of charge from the Apple (itunes.apple.com) and Google Play (play.google.com) app stores. Anyone who has already downloaded the software can update it via the...

Fourth banknote in latest series showcases Switzerland’s scientific expertise The Swiss National Bank (SNB) will begin issuing the new 200-franc note on 22 August 2018. Following the 50, 20 and 10-franc notes, this is the fourth of six denominations in the new banknote series to be released. The current eighth-series banknotes will remain legal tender until further notice. The inspiration behind the new banknote...