2021-03-08

Update March 08 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -1.0 bn. compared to last week, this means the SNB is selling euros and dollars.

2021-02-15

US and Greater Chinese markets are closed today, but the markets are moving. Equities are bid. The Nikkei led the Asia Pacific region with a 2% gain and pushed above 30000 for the first time since 1990.

2021-02-02

“Wenn es der Nationalbank über die Jahre gut geht, kann sie viel ausschütten. Wenn es aber schlechter geht, werden wir die Ausschüttungen wieder reduzieren”, sagte Jordan weiter. Dabei stütze sich die neue, am vergangenen Freitag kommunizierte Vereinbarung auf die alten Abmachungen zur Ausschüttung an Bund und Kantone, nur dass die Bilanz und die Ausschüttungs-Reserve heute deutlich höher seien als vorher.

2020-12-18

The coronavirus pandemic is continuing to have a strong adverse effect on the economy. Against this difficult backdrop, the SNB is maintaining its expansionary monetary policy with a view to stabilising economic activity and price developments.

2020-11-05

Overview: The markets did not wait for the final vote count and took stocks and bonds higher while pushing the greenback lower. While it appears Biden will be the next US President, investors seemed to like the fact that his agenda will be checked by a Senate that may remain in Republican hands.  Stocks are on a tear. 

2020-10-31

The Swiss National Bank reports a profit of CHF 15.1 billion for the first three quarters of 2020. We explain why these profits are possible.

2020-10-09

Seven central banks and the BIS release a report assessing the feasibility of publicly available CBDCs in helping central banks deliver their public policy objectives. Report outlines foundational principles and core features of a CBDC, but does not give an opinion on whether to issue.

2020-09-27

Additional data on money market operations and more frequent publication of volume of foreign exchange market interventions