Category Archive: 1.) English Posts on SNB

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Chernobyl

2016-12-02

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Did President-Elect Trump Just Inadvertently Kill The Golden Goose?

2016-11-19

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2016-11-19

Non-financial Corporate Business
President-Elect Trump may have just unwittingly sowed the seed of an equity market draw-down which will send even more protesters into the streets of America. Donald Trump’s stated economic policies are clearly pro-growth and if he manages to implement his pro-business, anti-regulation agenda, in the longer term they have the potential to surpass the bold and successful initiatives of Ronald Reagan.

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Swiss National Bank won’t cut record low interest rate again, survey shows

2016-11-17

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2016-11-17

SNB negative interest
The Swiss National Bank, which has the lowest interest rate among the world’s major central banks, may be done cutting. SNB President Thomas Jordan and his fellow policy makers will keep the deposit rate unchanged at minus 0.75 percent until at least the end of the first quarter of 2019, according to the median forecast in Bloomberg’s monthly survey of economists. That would mean ignoring the International Monetary Fund’s advice to fend off inflows...

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Trump Protest Busses

2016-11-14

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Swiss National Bank agrees to pay out 1 billion francs annually

2016-11-12

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2016-11-12

The Swiss National Bank (SNB)
Today, the Swiss National Bank (SNB) announced a new agreement with the Federal Department of Finance, to pay the Swiss confederation and cantons CHF 1 billion per year, as was previously the case. The deal will run from 2016 to 2020, according to an official press release.

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Farage Etiquette

2016-11-10

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Swiss government opposes initiative to transform monetary system

2016-11-09

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2016-11-09

SNB money supply initiative
The Swiss government urged rejection of a popular initiative that would transform the monetary system and end fractional-reserve banking, according to its dispatch to Parliament. The measure seeks to put the central bank solely in charge of money supply and forbid commercial banks from granting loans that aren’t fully backed by deposits, effectively ending the way banking has been conducted for centuries.

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We’re All Hedge Funds Now – Central Banks Become World’s Biggest Stock Speculators

2016-11-08

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2016-11-08

CBS
At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that’s not how government power grabs work. Control once acquired is hard for politicians and their bureaucrats to give up. Which means recent events are completely predictable.

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Swiss National Bank Results Q3 / 2016: Volatility of Results is Increasing

2016-11-02

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2016-11-02

Interim results of the Swiss National Bank as at 30 September 2016 The Swiss National Bank (SNB) reports a profit of CHF 28.7 billion for the first three quarters of 2016. But the volatility is rising: The SNB may lose 50 billion in one year and win 60 billion in the next year or the opposite.

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Jim Grant Puzzled by the actions of the SNB

2016-10-27

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2016-10-27

James Grant, Wall Street expert and editor of the investment newsletter «Grant’s Interest Rate Observer», warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.

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Putin US Banana Republic

2016-10-27

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Lindsey CNBC

2016-10-24

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Swiss central bank can cut rates further if needed, says bank president Jordan

2016-10-11

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2016-10-11

SNB Chairman Jordan speaks to media during a news conference in Bern
The Swiss National Bank can cut interest rates further into negative territory if needed, President Thomas Jordan said. “We have still some room to go further if necessary,” Jordan said Saturday in an interview in Washington with Bloomberg Television’s Francine Lacqua. Jordan, who is attending the annual meetings of the International Monetary Fund and the World Bank, noted that the bank has already pushed rates quite far.

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Switzerland’s central bank offers a glimpse behind the curtain

2016-10-07

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2016-10-07

SNB Behind the Curtains Thomas Jordan
The Swiss National Bank is offering a rare look into how it sets monetary policy. A video of SNB President Thomas Jordan and fellow members of the governing board shows them beginning their quarterly policy assessment discussing the state of the economy with about 30 people.

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Is Someone Trying To Buy The Swiss National Bank?

2016-10-06

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2016-10-06

By now it is well-known that as we profiled previously, one of the most ravenous buyers of US stocks in recent years, has been a central bank: the Swiss National Bank... However, it is far less known that not only is the Swiss National Bank also a publicly traded stock, but is also one of the best performing stocks in the world this year.

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Clinton Post NYC Presser

2016-09-19

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Strong Swiss growth lessens chance SNB will act

2016-09-13

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2016-09-13

Swiss real GDP growth data surprised on the upside in Q2, expanding by 0.6% q-o-q (and 2.5% q-o-q annualised). In addition, growth in the three previous quarters was revised significantly higher. As a result, our GDP growth forecast for growth in Switzerland rises mechanically from 0.9% to 1.5% for 2016.

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Dark Skies Over Iraq

2016-09-02

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SNB Balance Sheet Now Over 100 percent GDP

Since 2008 the balance sheet of the Swiss National Bank has risen from 28% to 102% of Swiss GDP. Balance sheets of other central banks have strongly risen, too. But there is one big difference: The risk for the SNB is far higher, the SNB nearly exclusively possesses assets denominated in volatile foreign currency.

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666: The Number Of Rate Cuts Since Lehman

2016-08-05

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2016-08-05

BofA's Michael Hartnett points out something amusing, not to mention diabolical: following the rate cuts by the BoE & RBA this week, "global central banks have now cut rates 666 times since Lehman."

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