Category Archive: 1) SNB and CHF
SNB’s Jordan: Central Bank Independence is crucial to fight inflation effectively
SNB Jordan is on the wires speaks in general terms:
Central bank independence is crucial to fight inflation effectively.
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SNB-Direktorin Andrea Maechler: Weitere Zinserhöhungen könnten nötig sein
Die Schweizerische Nationalbank (SNB) ist zu weiteren Zinserhöhungen bereit, um die Inflation unter Kontrolle zu bringen.
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CHF traders – heads up for a SNB speaker Wednesday, 5 October 2022 – Maechler
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?
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The strong Swiss franc – truth or myth?
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?
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SNB-Jordan: «Nationalbank hat ihre Geldpolitik nicht zu spät angepasst»
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..
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Publication on the centenary of the Swiss National Bank’s main building in Zurich: The Pfister Building 1922-2022
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).
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Monetary policy report Quarterly Bulletin 3/2022
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...
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Business cycle signals: SNB regional network – Q3/2022
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.
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Prof. Dr. Thomas Jordan – Die Geldpolitik der SNB in Zeiten der Inflation
Für die Schweizerische Nationalbank (SNB) sind zwei ordnungspolitische Prinzipien von grosser Bedeutung: Die Unabhängigkeit von der Politik und ein Mandat, das sich auf die Gewährleistung der Preisstabilität konzentriert.
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Swiss Balance of Payments and International Investment Position: Q2 2022
In the second quarter of 2022, the current account surplus was CHF 11 billion, almost CHF 1 billion lower than in the same quarter of 2021. The receipts surplus in goods trade, especially merchanting and traditional goods trade (foreign trade total 1), declined. The expenses surpluses in services trade, primary income and secondary income were each lower than in the same quarter of 2021.
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Thomas Jordan: Sixth Karl Brunner Distinguished Lecture – Introduction of Benjamin M. Friedman
I am very pleased to welcome you all to the sixth Karl Brunner Distinguished Lecture. The Swiss National Bank established this annual lecture series in honour of the Swiss economist Karl Brunner, one of the leading monetary economists of the last century. Our aim with these lectures is to reach a broad audience, and to contribute to the public debate on issues related to central banking and economics more broadly.
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+++Märkte+++ – Börsen-Ticker: Schweizer Aktienmarkt sinkt – 13 anstehende Zinsentscheide machen Anleger nervös – Bitcoin auf Drei-Monate-Tief
Der SMI notiert um 0,53 Prozent tiefer bei 10'554,85 Punkten. Laut Ansicht von BNP Paribas hat sich das Chartbild weiter eingetrübt. Bis zum Korrekturtief vom Juni bei 10'350 Punkten stelle sich nur noch das Zwischentief vom März 2021 bei 10'513 Punkten in den Weg.
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Swiss National Bank meet this week, a 100bp rate hike on the table – CHF impact
The SNB policy decision is due on Thursday. Via MUFG Bank:CHF has been the top performing G10 currency so far this month as it has strengthened sharply against both the EUR (+2.2%) and USD (+1.5%). It has regained upward momentum against our equally-weighted basket of other G10 currencies after a period of consolidation at higher levels between July and August.
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Week Ahead Preview: FOMC is the highlight
MON: Japanese Respect for the Aged Day; EZ Construction Prices (Jul), Canadian Producer Prices (Aug), German Producer Prices (Aug). TUE: Chinese LPR, Riksbank Policy Announcement, RBA Minutes (Sep); Japanese CPI (Aug), EZ Current Account (Jul), US Building Permits/Housing Starts (Aug), Canadian CPI (Aug).
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Thomas Jordan: Carl Menger Award Ceremony 2022: Introductory remarks on Ricardo Reis
I welcome you all to the ceremony of the Carl Menger Award, given by the Verein für Socialpolitik. I do so in the name of the sponsors of the award, namely the Deutsche Bundesbank, the Oesterreichische Nationalbank and the Swiss National Bank, as well as on behalf of the selection committee.
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BOC’s Rogers: We are not where we were in July, but a long way from where we need to be
Bank of Canada's Senior Deputy Gov. Carolyn Rogers: We are not where we were in July, but we are a long way from where we need to be.
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SNB-Chef Jordan begrüsst Zinsschritt der EZB
SNB-Präsident Thomas Jordan: Der Schritt der EZB war wichtig. (Bild: PD)Die Forward Guidance – die Leitlinien für die zukünftige Geldpolitik, auf welche die US-Notenbank und die Europäische Zentralbank achten, um die Finanzmärkte auf ihre Entscheide vorzubereiten und dem ihnen einen Schock zu ersparen – ist für die Schweizerische Nationalbank unbedeutend.
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More from SNB’s Jordan: No comment on currency invention. We don’t rule anything out
Looks at series of models to gauge Swiss francs value; market has to live with some volatility, no comment on currency intervention.
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