Category Archive: 1) SNB and CHF

BNS, les taux vont encore être baissés

De son bilan démesuré supérieur au PIB suisse. De ne pas avoir vendu les euros achetés quand elle le pouvait. D’avoir dû abandonner le taux plancher de 1.2 CHF pour 1 EUR sous la pression du marché (je l’avais prévu, mais la BNS a quand même tenu 3 ans et demi). Qu’avec les taux négatifs, les caisses de pensions (donc les retraites) subissent des ponctions anormales.

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Pound to Swiss Franc exchange rates remain docile despite yesterday’s UK political developments

Movement for the Pound to Swiss Franc pair limited. Pound to Swiss franc exchange rates have remained relatively rangebound this week, despite yesterday’s political developments inside the UK. Whilst the GBP/CHF pair is historically less volatile than GBP/EUR for an example, a range of only two cents movement over the past month is testament to the current market uncertainty.

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Hildebrand hatte SNB nicht verstanden: Sie muss zugunsten eigener Wirtschaft investieren

Bilderberg, Gerzensee und „Franken-Rütli“ – das sind alles Geschwister im Geiste: undurchschaubar, informell, nicht greifbar, gegen aussen, eine Versammlung der Macht, mit dem Vorspuren von Entscheiden grösster wirtschaftlicher und politischer Tragweite.

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Pound to Swiss Franc forecast: Will GBP/CHF rates fall below 1.20?

The pound to Swiss Franc exchange rate has been on steady decline since May when it peaked at 1.3397. Since then, it has fallen to 1.2245 as Brexit uncertainties continue to weigh on sterling, with the market feeling the prospect of a no-deal Brexit has increased. The franc has also risen in value owing to its status as a safe haven currency, and the continued fears over the global economy.

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Keith Weiner, PhD, CEO & Founder of Monetary Metals

Keith Weiner, PhD, CEO & Founder of Monetary Metals, believes interest rates must go lower to keep interest expense under control and result in a deflationary credit implosion.

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La BNS aspire l’épargne des Suisses. Entretien avec Vincent Held

Depuis une année, il ne se passe pas un jour sans que Donald Trump critique violemment la politique monétaire de la banque centrale américaine, pas un jour sans que le fantasque locataire de la Maison-Blanche crache son fiel au visage de Jerome Powell, le président de cette Réserve fédérale amarrée à une ligne beaucoup trop rigoureuse à ses yeux.

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Hypothekarkredite: Selbstregulierung soll Risikoappetit bremsen

Die grössten Risiken für die Finanzstabilität gehen für die inlandorientierten Banken unverändert vom Hypothekar- und Immobilienmarkt aus, warnt die Schweizerische Nationalbank (SNB) im diesjährigen Bericht zur Finanzstabilität vom 13. Juni. Obwohl die Preise 2018 bei den Wohnrenditeliegenschaften leicht sanken, bleibe die Gefahr einer Preiskorrektur in diesem Segment besonders hoch.

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Swiss mortgages and bank profits rise as jobs scale down

Swiss commercial banks achieved higher profits last year, mortgage loans tipped the CHF1 trillion ($1.02 trillion) mark and costs were saved by reducing headcounts. These are the findings of an annual report from the Swiss National bank (SNB).

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Banks in Switzerland 2018

The Swiss National Bank has today published its report Banks in Switzerland 2018 and the corresponding data for its annual banking statistics. The most significant events are summarised below.

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Swiss central bank asked to issue stock exchange digital currency

The Swiss stock exchange wants the country’s central bank to issue a form of cryptocurrency to settle payments on its new digital securities trading platform. If the Swiss National Bank (SNB) agrees, it would represent a departure from its cautious policy on digital currencies. Stock exchange operator SIX Group revealed at the Crypto Valley Association conference that traders on its forthcoming SDX platform would be able to swap cash for a new...

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Swiss monetary policy – it’s (almost) all about the Swiss franc

With the ECB and the Fed both signalling their readiness to provide further stimulus, the Swiss National Bank is unlikely to have smooth sailing over the coming months.How the Swiss National Bank (SNB) reacts to further stimulus by its US and European counterparts will be the key focus of the coming months for investors. 

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Swiss Franc at 5 month highs vs the Pound

Tory leadership debate does little to help the pound. Sterling has remained under a lot of pressure against a number of currencies including vs the Swiss franc. The Tory leadership race is now down to 5 candidates after former Brexit secretary Dominic Raab only managed to get 30 votes. This was short of the required 33 to progress to the next round.

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Das Einmaleins des neuen Leitzinses

Die Schweizerische Nationalbank (SNB) führt neu einen Leitzins ein. Hatte sie denn bis jetzt gar keinen? Doch, hatte sie, aber der hiess anders. Nutzen wir doch die Gelegenheit, um zu klären, was eigentlich ein Leitzins ist. Und was sich nun geändert hat. Eine Notenbank benutzt einen Leitzins, um das gesamte Zinsniveau in einem Land zu beeinflussen – und damit indirekt den Gang der Wirtschaft.

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Pound to Swiss Franc forecast: Brexit limbo hurting Sterling

Political uncertainty & Brexit cause sterling weakness. The pound’s value is being predominantly dictated by Brexit. Over the past month sterling has gradually declined in value against the Swiss franc. There is potential for further falls for the pound due to the lack of clarity surrounding Brexit and the leadership battle for the new Conservative leader.

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Monetary policy assessment of 13 June 2019

The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is unchanged at –0.75%. The SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.

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Expansion of SNB statistics

New Focus Article series published on data portal. The Swiss National Bank is expanding its offering in the field of statist ics. It is to start publishing articles on selected statistical subjects at irregular intervals. These articles will appear on the SNB data portal (data.snb.ch, Resources, International economic affairs, Focus articles) as so-called focus articles.

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Verschwörung gegen Schweiz: Was macht SNB?

„Verschwörung gegen die Schweiz?“ „Rekord-Wette von Spekulanten gegen Schweizer Franken.“ „Zur Zeit läuft die bisher grösste Währungs-Wette gegen den Schweizer Franken.“ So jüngst in Blick und Handelszeitung. Von 4 Milliarden Franken Short-Positionen gegen den Franken an der Börse in Chicago ist da die Rede.

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Pound to Swiss franc forecast: Brexit to continue to drive pound to swiss franc exchange rates

Since the start of the year the general trend for pound to swiss franc exchange rates has seen the pound strengthen. GBP/CHF mid-market levels started the year in the 1.23s and now are trading in the 1.30s. The pound strengthened as UK Prime Minister Theresa May extended Article50 by 6 months, which means the UK will not leave the EU without a deal.

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Brexit to drive pound to Swiss franc exchange rates

Yesterday the PM’s deputy David Liddington confirmed that the UK will be taking part in European elections, therefore in my view the cross-party talks between Theresa May and Jeremy Corbyn are over. If the Prime Minister thought that they would be able to come to an agreement in the upcoming days Mr Liddington would not have made the announcement yesterday.

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Claudia Aebersold Szalay to become Head of Media Relations at the SNB

Claudia Aebersold Szalay will assume the role of Head of Media Relations at the Swiss National Bank on 1 June, replacing Walter Meier who will be leaving the bank having reached retirement age. Ms Aebersold Szalay was previously an economics and business editor at the NZZ newspaper for eleven years.

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