Category Archive: 1.) SNB Press Releases

BIS, Swiss National Bank and SIX announce successful wholesale CBDC experiment

Project Helvetia shows the feasibility of two proofs of concept (PoCs), using “near-live” systems to settle digital assets on a distributed ledger with central bank money.

Read More »

Issuance calendar for Confederation bonds and money market debt register claims in 2021

The Swiss National Bank (SNB) and the Federal Finance Administration (FFA) advise as follows:

Read More »

Romeo Lacher and Christoph Mäder nominated for election to the SNB Bank Council

At its meeting today, the Bank Council of the Swiss National Bank decided to propose to the General Meeting of Shareholders of 30 April 2021 that Romeo Lacher and Christoph Mäder be elected to the SNB Bank Council for the remainder of the 2020–2024 term of office. Romeo Lacher is Chairman of the Board of Directors of Julius Baer Group Ltd. and Bank Julius Baer & Co. Ltd.

Read More »

SNB Profit in Q1 to Q3 2020: CHF 15.1 billion Despite Covid19

The Swiss National Bank reports a profit of CHF 15.1 billion for the first three quarters of 2020. We explain why these profits are possible.

Read More »

2020-10-30 – Swiss Financial Accounts: quarterly data published for first time

The Swiss National Bank is expanding its data offering with respect to Switzerland’s financial accounts. It will now publish quarterly as well as annual data, and the time to publication will be shortened from ten to four months.

Read More »

Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements

Seven central banks and the BIS release a report assessing the feasibility of publicly available CBDCs in helping central banks deliver their public policy objectives. Report outlines foundational principles and core features of a CBDC, but does not give an opinion on whether to issue.

Read More »

Adjustments to publication of data on money and foreign exchange market operations

Additional data on money market operations and more frequent publication of volume of foreign exchange market interventions

Read More »

Monetary policy assessment of 24 September 2020

The coronavirus pandemic continues to exert a strong influence on economic developments. The SNB is therefore maintaining its expansionary monetary policy. In so doing, it aims to cushion the negative impact of the pandemic on economic activity and inflation.

Read More »

Swiss balance of payments and international investment position: Q2 2020

In the second quarter of 2020, the current account surplus amounted to CHF 10 billion; in the same quarter of 2019 it was CHF 21 billion. This decline was principally due to lower receipts from direct investment abroad. While the goods trade balance and the services trade balance changed only marginally, there was a significant decrease in receipts and expenses.

Read More »

U.S. dollar liquidity-providing operations from 1 September 2020

In view of continuing improvements in U.S. dollar funding conditions and the low demand at recent 7-day maturity U.S. dollar liquidity-providing operations, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to further reduce the frequency of their 7-day operations from three times per week to once per week.

Read More »

Fed and ECB Money Printing Helps SNB Back into Positive Territory

Fed and ECB money printing and massive fiscal stimulus help the SNB to come back into positive territory for the year. The renewed asset price inflation compensate for losses on the US dollar.

Read More »

Mediengespräch – Conférence de presse – News conference – Conferenza stampa, 18.06.2020

Mediengespräch - Conférence de presse - News conference - Conferenza stampa, 18.06.2020 00:00 Einleitende Bemerkungen von Thomas Jordan, Präsident des Direktoriums der Schweizerischen Nationalbank - Remarques introductives de Thomas Jordan, président de la Direction générale de la Banque nationale suisse - Introductory remarks by Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank - Osservazioni introduttive di Thomas...

Read More »

Banks in Switzerland 2019

The Swiss National Bank has today published its report Banks in Switzerland 2019 and the corresponding data for its annual banking statistics. The most important figures are summarised below.

Read More »

SNB Monetary Policy Assessment June 2020 and Videos

The coronavirus pandemic and the measures implemented to contain it have led to a severe downturn in economic activity and a decline in inflation both in Switzerland and abroad. The SNB’s expansionary monetary policy remains necessary to ensure appropriate monetary conditions in Switzerland.

Read More »

Announcement regarding recall of banknotes from eighth series

The issuance of the ninth banknote series was concluded on 12 September 2019. The Swiss National Bank intends to communicate the statutory recall of the banknotes from the eighth series two months in advance in the first half of 2021.

Read More »

SNB COVID-19 refinancing facility expanded to include cantonal loan guarantees as well as joint and several loan guarantees for startups

The Swiss National Bank announced the establishment of the SNB COVID-19 refinancing facility (CRF) on 25 March 2020. This facility allows banks to obtain liquidity from the SNB by assigning credit claims from corporate loans as collateral. In so doing, the SNB enables banks to expand their lending rapidly and on a large scale.

Read More »

SNB appoints new delegate Fabian Schnell for regional economic relations for Zurich region

With effect from 1 May 2020, Fabian Schnell will assume the function of Swiss National Bank (SNB) delegate for regional economic relations for the Zurich region. He succeeds Rita Kobel Rohr, who is taking on a new position at the SNB’s General Secretariat on 1 July 2020.

Read More »

SNB Interim Results: -38 Billion, An Analysis

The Swiss National Bank reports a loss of CHF 38.2 billion for the first quarter of 2020. The loss on foreign currency positions amounted to CHF 41.2 billion.

Read More »