Category Archive: 1) SNB and CHF
SNB-Maechler: Rückkehr zu positiven Zinsen bedingt neuen Ansatz für Geldpolitik
Die erste Leizins-Erhöhung seit 15 Jahren im Juni bezeichnet SNB-Direktoriumsmitglied Andréa Maechler als historischen Moment.
Read More »
Read More »
Barclays forecasts EURCHF trading around parity for the next few quarters
Barclays Research discusses CHF outlook and targets EUR/CHF around 0.97, 0.97, 0.98, and 1.00 by end of Q1, Q2, Q3, and Q4 of next year respectively.
Read More »
Read More »
SNB’s Jordan: Monetary policy is is still expansionary
SNB's Jordan, who has been chatting more in the NY session at least of late, is no the wires saying:monetary policy is a still expansionarywe have most likely to adjust monetary policy againinflation is very thorny and there is still a risk that inflation will rise furtherinflation rate is above our target now.
Read More »
Read More »
SNBs Jordan: IN 2023, sees Swiss growth weaker than this year. USDCHF trades near lows.
SNB's Jordan is on the wires saying that:He sees weaker growth in 2023 than this year.SNB still has credibility that inflation will moderateInflation has broadenedSees limited 2nd round wage effects in SwitzerlandThere is a great probablility that SNB will need to further tighten monetary policy.
Read More »
Read More »
EZB-Ratsmitglied Holzmann: Fiskalpolitik im Euroraum gibt mehr Geld aus als nötig
Der Kampf der EZB gegen die Rekordinflation wird zum Teil von einer Haushaltspolitik konterkariert, die zu viel Geld ausgibt, um die steigenden Lebenshaltungskosten abzufedern, sagte Ratsmitglied Robert Holzmann.
Read More »
Read More »
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.
Read More »
Read More »
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.
Read More »
Read More »
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.
Read More »
Read More »
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.
Read More »
Read More »
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.
Read More »
Read More »
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.
Read More »
Read More »
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.
Read More »
Read More »
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.
Read More »
Read More »
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?
Read More »
Read More »
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?
Read More »
Read More »
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..
Read More »
Read More »
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).
Read More »
Read More »
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...
Read More »
Read More »
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.
Read More »
Read More »