Category Archive: 1) SNB and CHF

How to Lose $143 Billion Trading Stocks

Now here’s the headline! Swiss National Bank loses nearly $143 billion in first nine months Reuters reported the Q3 result last week, in which Switzerland’s publicly traded central bank (SNB) suffered its largest loss in its 115-year history.

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Federal Reserve speakers coming up on Wednesday, 9 November 2022 – Williams, Barkin

The talking heads at the US Federal Reserve have pivoted to talking about how high rates will go before they top out as against how quickly they will rise.

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Thomas Jordan: Decision-making under uncertainty: The importance of pragmatism, consistency and determination

It is my pleasure to welcome you to this high-level conference on global risk, uncertainty and volatility. Thank you all for accepting our invitation to join the discussions. I am very pleased to see such a distinguished group of central bank officials and academics. I would like to thank our colleagues at the Bank for International Settlements and the Federal Reserve Board for working together with us in organising this event.

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Swiss National Bank, Banque de France, Monetary Authority of Singapore and BIS Innovation Hub to explore cross-border trading and settlement of wholesale CBDCs using DeFi protocols

Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical central bank digital currencies (CBDCs) in Swiss francs, euros and Singapore dollars between financial institutions to settle foreign exchange trades in financial markets.

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Turnover in foreign exchange and derivatives markets in Switzerland

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.

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Thomas Jordan: Current challenges to central banks’ independence

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.

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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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Buch-Vernissage: Die SNB in Zürich. Das Gebäude der Gebrüder Pfister 1922 – 2022

Die Veranstaltung fand am 29.09.2022 statt.

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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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SNB’s Maechler: Rising rates was intended to send a clear signal on inflation

Rising rates was intended to send a clear signal on inflation

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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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