Category Archive: 1.) SNB Press Releases

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Publication on the centenary of the Swiss National Bank’s main building in Zurich: The Pfister Building 1922-2022

2022-09-30

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2022-09-30

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).

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Prof. Dr. Thomas Jordan – Die Geldpolitik der SNB in Zeiten der Inflation

2022-09-27

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Für die Schweizerische Nationalbank (SNB) sind zwei ordnungspolitische Prinzipien von grosser Bedeutung: Die Unabhängigkeit von der Politik und ein Mandat, das sich auf die Gewährleistung der Preisstabilität konzentriert.

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Swiss Balance of Payments and International Investment Position: Q2 2022

2022-09-23

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2022-09-23

In the second quarter of 2022, the current account surplus was CHF 11 billion, almost CHF 1 billion lower than in the same quarter of 2021. The receipts surplus in goods trade, especially merchanting and traditional goods trade (foreign trade total 1), declined. The expenses surpluses in services trade, primary income and secondary income were each lower than in the same quarter of 2021.

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Thomas Jordan: Sixth Karl Brunner Distinguished Lecture – Introduction of Benjamin M. Friedman

2022-09-23

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2022-09-23

I am very pleased to welcome you all to the sixth Karl Brunner Distinguished Lecture. The Swiss National Bank established this annual lecture series in honour of the Swiss economist Karl Brunner, one of the leading monetary economists of the last century. Our aim with these lectures is to reach a broad audience, and to contribute to the public debate on issues related to central banking and economics more broadly.

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Thomas Jordan: Carl Menger Award Ceremony 2022: Introductory remarks on Ricardo Reis

2022-09-14

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2022-09-14

I welcome you all to the ceremony of the Carl Menger Award, given by the Verein für Socialpolitik. I do so in the name of the sponsors of the award, namely the Deutsche Bundesbank, the Oesterreichische Nationalbank and the Swiss National Bank, as well as on behalf of the selection committee.

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Thomas Jordan: Monetary policy under new constraints: challenges for the Swiss National Bank

2022-08-29

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2022-08-29

The pandemic and the war in Ukraine have fundamentally changed the constraints on monetary policy. Uncertainty has increased strongly in many respects, and there has been a sharp rise in inflation.

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Swiss National Bank Crime Syndicate THOMAS JORDAN – GOLDFINGER – MARTIN SCHLEGEL FBI Scotland Yard

2022-08-28

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MAINSTREAM NEWS MEDIA EXTRACTS: I British Royal Family well seasoned commentators are known to have remarked that the genesis of the Gerald 6th Duke of Sutherland identity theft case lies in the forging of the birth certificate which effectively brought about a wide cadre of public figures who took advantage following the death of his mother and father respectively HRH The Princess Marina Duchess of Kent and George 5th Duke of Sutherland later...

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SNB Results Q2/2022: 95 Billion Loss, Close to my Predictions

2022-07-29

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2022-07-29

Income statement, 1 January–30 June 2022
I was predicting for many years that the SNB will suffer a big loss when inflation comes. The time of reckoning has come. I expected some 150 billion loss in one year: at half time we are 95 billion CHF.

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Swiss National Bank reports massive losses

2022-07-29

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2022-07-29

The Swiss National Bank (SNB) has taken a hit of CHF95.2 billion ($100 billion) for the first half of this year, mainly owing to losses on foreign currency positions.

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Confederation and SNB facilitate exchange of Ukrainian currency at Swiss commercial banks

2022-06-24

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2022-06-24

Together with the Federal Department of Finance (FDF) and Swiss commercial banks, the SNB has developed a solution to enable individuals with protection status S to exchange Ukrainian banknotes for Swiss francs up to a limited amount.

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Annual banking statistics for 2021

2022-06-17

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2022-06-17

The Swiss National Bank has today published data on the annual financial statements of banks in Switzerland for the 2021 financial year. For the first time, the published data also comprises bank office data (Domestic office perspective) in addition to the data from individual financial statements (Parent company perspective) and consolidated financial statements (Group perspective).

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Monetary Assessment Meeting, Introduction

2022-06-16

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2022-06-16

Global Equity Markets
I will begin my remarks with a review of developments on the financial markets over the past half-year. I would then like to discuss the lowering of the threshold factor mentioned by Thomas Jordan.

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Fritz Zurbrügg: Introductory remarks, news conference

2022-06-16

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2022-06-16

Fritz Zurbrugg
In my remarks today, I will present the key findings from the new Financial Stability Report, published this morning by the Swiss National Bank.

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Тhomas Jordan: Introductory remarks, news conference

2022-06-16

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2022-06-16

It is my pleasure to welcome you to the Swiss National Bank’s news conference. In my remarks, I will begin by explaining our monetary policy decision and our assessment of the economic situation. After that, Fritz Zurbrügg will present the key messages from this year’s Financial Stability Report. Andréa Maechler will then comment on the situation on the financial markets and the implementation of monetary policy. We will – as ever – be pleased to...

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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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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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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.

Read More »