The issuance of the ninth banknote series was concluded on 12 September 2019. The Swiss National Bank intends to communicate the statutory recall of the banknotes from the eighth series two months in advance in the first half of 2021.
Notes from the eighth series will remain legal tender until they are recalled and may continue to be used or exchanged without restriction.
After their recall by the SNB, the banknotes lose their status as legal tender. They can, however, be exchanged at the SNB counters in Berne and Zurich or at an SNB agency for an unlimited period of time.
Further information is available on the SNB website.
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2019-12-03 – Amendment of National Bank Ordinance
Changes due to entry into force of FinSA/FinIA andadjustments to minimum reserve requirements. The Swiss National Bank is amending the National Bank Ordinance (NBO). Various terms used in the NBO will be revised in connection with the entry into force of the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) as of 1 January 2020.
Monetary policy assessment of 12 December 2019
The Swiss National Bank is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%. It remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration. The expansionary monetary policy continues to be necessary given the inflation outlook in Switzerland.
Swiss Balance of Payments and International Investment Position: Q3 2019
In summary: Nearly any change against the third quarter of 2018. About the same figures. But clearly and – as usual – a massive surplus. Key figures: Current Account: Up 39.15% against Q3/2018 to 18.09 bn. CHF. of which Goods Trade Balance: Plus 49.78% against Q3/2018 to 16.76 bn. of which the Services Balance: Minus 12.94% to 5.25 bn.
2020-02-17 – The SNB’s Karl Brunner Distinguished Lecture Series: Carmen Reinhart to hold fifth lecture
The Swiss National Bank is honouring Carmen Reinhart with this year’s Karl Brunner Distinguished Lecture Series. Carmen Reinhart is an influential economist who has made outstanding contributions to macroeconomics. She has been Professor of the International Financial System at Harvard Kennedy School since 2012, and also currently serves on the Economic Advisory Panel of the Federal Reserve Bank of New York.
Monetary policy assessment of 19 March 2020
Swiss National Bank maintains expansionary monetary policy, raises negative interest exemption threshold, and is examining additional steps. Coronavirus is posing exceptionally large challenges for Switzerland, both socially and economically. Uncertainty has risen considerably worldwide, and the outlook both for the global economy and for Switzerland has worsened markedly.
SNB Interim Results: -38 Billion, An Analysis
The Swiss National Bank reports a loss of CHF 38.2 billion for the first quarter of 2020. The loss on foreign currency positions amounted to CHF 41.2 billion.
SNB appoints new delegate Fabian Schnell for regional economic relations for Zurich region
With effect from 1 May 2020, Fabian Schnell will assume the function of Swiss National Bank (SNB) delegate for regional economic relations for the Zurich region. He succeeds Rita Kobel Rohr, who is taking on a new position at the SNB’s General Secretariat on 1 July 2020.
Weekly SNB Sight Deposits and Speculative Positions: Re-openings in the U.S.
Update May 25, 2020: Reopenings in the U.S.
Sight Deposits have risen by 6.4 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +6.4 bn. compared to last week.
Market sentiment have become positive during the last 2 or 3 weeks. But for many conservative investors the Swiss franc still serves as safe-haven.
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