Category Archive: 1) SNB and CHF

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Warum ist der Schweizer Franken so stark?

2022-05-28

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Nehmen Sie an unserer kostenlosen wöchentlichen online Kaffeepause und Aktiendiskussion teil: https://www.eventbrite.ch/e/kaffeepause-okonomie-und-philosophie-tickets-149113349041?aff=video Was hinter der Stärke des Schweizer Frankens steckt - Dr. Hermann Stern erklärt es in einem unserer Online Kaffeepause Aktien Gespräche. Datum: 10. Februar 2022

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SNB’s Jordan: Inflation will temporarily rise above target then fall quickly

2022-05-19

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2022-05-19

We take into account the higher inflation rates abroad when deciding monetary policy. We are ready to intervene in FX when necessary. Negative rates and currency interventions necessary for SNB to meet its mandate.

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Swiss central bank rejects ‘creative’ demands to change course

2022-05-06

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2022-05-06

The Swiss National Bank (SNB) continues to beat off demands to fight inflation by raising interest rates and to distribute more reserves to cantons and other causes.

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Martin Schlegel wird neuer SNB-Vizepräsident

2022-05-05

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2022-05-05

Schlegel (Jahrgang 1976) wird laut Mitteilung vom Mittwoch per Anfang August die Leitung des II. Departements der SNB übernehmen. Der neue Vize-Chef ist ein SNB-Urgestein. Er ist seit knapp zwanzig Jahren in verschiedenen leitenden Positionen für die SNB tätig, zuletzt seit September 2018 als stellvertretendes Mitglied des Direktoriums im I. Departement.

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Martin Schlegel appointed to SNB

2022-05-04

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2022-05-04

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose.

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SNB Governing Board: Federal Council appoints Martin Schlegel as Vice Chairman of the Governing Board

2022-05-04

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2022-05-04

Petra Gerlach and Attilio Zanetti become Alternate Members of the Governing Board. At its meeting of 4 May 2022, the Federal Council appointed Martin Schlegel as Vice Chairman of the Governing Board of the Swiss National Bank with effect from 1 August 2022. He will succeed Fritz Zurbrügg on the Governing Board when the latter steps down at the end of July 2022.

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Aktien – Wie «Amateure» sich an der Börse selber helfen können

2022-05-04

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2022-05-04

Credit Suisse und UBS liefern uns ein schönes Lehrstück. Die UBS verspekulierte sich in den USA derart, dass die Schweizerische Nationalbank deren faule Kredite in der Finanzkrise von 2008 übernehmen und somit die Grossbank vor dem Kollaps retten musste. Derweil vermochte die Credit Suisse die Verluste selber zu stemmen und erhielt dafür Anerkennung.

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Interim results of the Swiss National Bank as at 31 March 2022

2022-05-03

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2022-05-03

Income statement, 1 January–30 March 2022
The Swiss National Bank reports a loss of CHF 32.8 billion for the first quarter of 2022. The loss on foreign currency positions amounted to CHF 36.8 billion. A valuation gain of CHF 4.2 billion was recorded on gold holdings. The profit on Swiss franc positions was CHF 10.6 million.

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Macro Week 2022: Thomas Jordan

2022-04-29

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At this critical juncture for the global economy and monetary policy, the Peterson Institute for International Economics is convening central bankers and finance officials from around the world for our annual Macro Week—a series of speeches and onstage discussions moderated by PIIE President Adam S. Posen. Thomas Jordan (Chairman, Swiss National Bank) speaks on April 19, 2022. For more information, visit:...

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What are the consequences of the war in Ukraine for the SNB’s monetary policy?

2022-04-29

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2022-04-29

Russia's attack on Ukraine has fundamentally changed the geopolitical situation. However, it also has far-reaching economic consequences and poses the question as to whether the integration of the global economy will decrease again.

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Swiss Financial Accounts: Household wealth in 2021

2022-04-27

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2022-04-27

The Swiss National Bank is today publishing financial accounts data for Q4 2021. Data on household wealth are thus available for the whole of 2021; a commentary is provided below. This is followed by a detailed look at the development of the financial net worth of the Swiss economy’s institutional sectors since the onset of the coronavirus pandemic.

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Geldcast update: calls for a more transparent Swiss National Bank

2022-04-26

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2022-04-26

The Swiss National Bank (SNB) is very opaque by international standards. That has to change, says Yvan Lengwiler, professor of economics at the University of Basel. He explains his proposals in the latest Geldcast update.

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Macro Week 2022: Thomas Jordan

2022-04-08

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At this critical juncture for the global economy and monetary policy, the Peterson Institute for International Economics is convening central bankers and finance officials from around the world for our annual Macro Week—a series of speeches and onstage discussions moderated by PIIE President Adam S. Posen.

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Switzerland has frozen CHF7.5bn in assets under Russia sanctions

2022-04-08

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2022-04-08

Switzerland has so far frozen some CHF7.5 billion ($8 billion) in funds and assets under sanctions against Russians to punish Moscow’s invasion of Ukraine.

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UBS-Präsident Axel Weber verabschiedet sich mit Genugtuung

2022-04-06

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2022-04-06

"Ich habe vor zehn Jahren die Nachfolge von Kaspar Villiger angetreten, der die Bank in den Wirren der Finanzkrise übernahm", sagte Axel Weber am Mittwoch in einer Abschiedsrede an seiner letzten UBS-Generalversammlung zu den Aktionären.

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Andréa M. Maechler / Thomas Moser: Life after Libor: A new era of reference interest rates

2022-04-01

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2022-04-01

A new era of reference interest rates began at the start of this year. Libor, which had been the key reference rate for several decades and several currencies, including the Swiss franc, ceased to exist in many currencies at the end of 2021. SARON has now fully replaced Swiss franc Libor.

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Quarterly Bulletin 1/2022 – Monetary policy report

2022-03-31

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2022-03-31

Report for the attention of the Governing Board of the Swiss National Bank for its quarterly assessment of March 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 24 March 2022’) is an excerpt from the press release...

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2022-03-30 – 1/2022 – Business cycle signals: SNB regional network

2022-03-31

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2022-03-31

Report submitted to the Governing Board of the Swiss National Bank for its quarterly 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 241 company talks were conducted between 18 January and 8 March.

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Fritz Zurbrügg: Macroprudential policy beyond the pandemic: Taking stock and looking ahead

2022-03-31

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2022-03-31

In the aftermath of the Global Financial Crisis (GFC), national regulators and international institutions joined forces to build the foundations of our current macroprudential frameworks. These comprise policies aimed at containing the build-up of vulnerabilities to which the banking sector is exposed, and at strengthening banking sector resilience.

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SNB’s Zurbruegg: It is not roll of monetary policy to cure risks to financial system

2022-03-30

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2022-03-30

Vulnerabilities have increased and Swiss real estate market. Swiss apartments overvalued by 10% to 35%. SNB continues to monitor developments in real estate market. It is not roll of monetary policy to curb risk to financial system. The  USDCHF  is trading back below its 100 hour moving average at 0.93129 and its 200 hour moving average at 0.93304.

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