Tag Archive: Swiss National Bank

Nigerian Currency Collapses After Central Bank Halts Dollar Sales To Stall “Hyperinflation Monster”

2016-01-12

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2016-01-12

Having told banks and investors "don't panic" in September, amid spiking interbank lending rates and surging default/devaluation risks, it appears the massive shortage of dollars that we warned about in December has washed tsunami-like ashore in oil-...

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Why The Powerball Jackpot Is Nothing But Another Tax On America’s Poor

2016-01-12

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2016-01-12

Now that the Powerball Jackpot has just hit a record $1.4 billion, people, mostly those in the lower and middle classes, are coming out in droves and buying lottery tickets with hopes of striking it rich. After all, with $1.4 billion one can ...

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Monetary assessment meeting Swiss National Bank

Monetary assessment meeting Swiss National Bank: My real-time tweets contain the main important points of the SNB meeting from the view of investors or FX traders.

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Will The Franc Follow In The Euro’s Footsteps?

The SNB's expected December 10 rate cuts have already been priced in to the Swiss Franc. The central bank's failure to do more than the market expected resulted in a stronger CHF. Growing uncertainty over the Fed's 2016 monetary policy is a bullish factor for the franc.

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SNB’s history of balance sheet and Monthly bulletin

snb liabilities part2
The SNB monthly bulletins contain all important data of the SNB and the Swiss economy as of the latest quarter.

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SNB & CHF, the blog on a beleaguered central bank, its currency, on gold and astute investments

SNBCHF.com tracks Swiss macro-economic news and the Swiss National Bank. The SNB finally gave up the euro peg and agreed with the authors of this blog. Over years this blog expressed opposition against the EUR/CHF peg in about 900 different pages. They track the strong Swiss economic performance over these years. They explain all logical and fundamental Forex background why this peg did not have any reason to exist or, at least, why it was doomed...

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The 2015 Update: Risks on the Rising SNB Money Supply

We explain the risks on the rising money supply in Switzerland. We distinguish between broad money supply (M1-M3) and narrow money supply (M0). Both are rising quickly.

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The Swiss National Bank: Switzerland’s central bank makes a massive loss

2015-08-01

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2015-08-01

Swiss National Bank net income, Swiss Francs
ON FRIDAY, the Swiss National Bank (SNB), Switzerland’s central bank, reported second quarter losses of SFr20 billion ($20 billion). Following an equally bad first three months of the year, the SNB’s losses so far for 2015 now amount to a whopping SFr50.1 billion, equivalent to 7.5% of Switzerland's GDP.

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1) SNB

SNBCHF.com most important posts about the Swiss National Bank

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The two phases of CHF appreciation… and what is in between

We show the two phases or "two innings" of Swiss franc appreciation: The risk aversion phase and the high inflation phase. With the weakening of emerging markets and the strengthening of the United States in 2013/2014, the Swiss National Bank (SNB) had won the first battle in the war against financial market, the "risk aversion game", the first inning in two-part match. Risk aversion is lower because the United States recovered with weaker oil...

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SNB’s IMF data

This IMF data on the SNB website shows SNB Forex and gold reserves in the last month. It is so-called "IMF Special Data Dissemination Standard (SNB Data)"

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Das Gold-Gschichtli der SNB

2015-03-31

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2015-03-31

Dem Jahresbericht 2014 der SNB entnehmen wir ab Seite 63: Lagerung der Goldreserven Gemäss Art. 99 Abs. 3 der Bundesverfassung hält die Nationalbank einen Teil ihrer Währungsreserven in Gold. Die Nationalbank gab im Frühling 2013 bekannt, dass sie 30...

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(3) Inflation, Central Banks and Interest Rates

PoBC RBA Fed BoE
In this chapter we connect three related concepts: inflation, central banks and interest rates.

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(8) Currency Wars: How to Push and Talk Down Your Currency?

Currency wars
Direct or indirect intervention is credible only in countries where domestic asset prices are undervalued and CPI/asset price inflation are no issues. Otherwise they create medium-term risks.

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Why did the Swiss franc spike? Lack of Capital Outflows

There is a straightforward answer to the question in the headline: more money has been trying to get into Switzerland than get out, which didn’t affect the exchange rate as long as the Swiss National Bank bought foreign currency. As soon as they stop...

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End of Peg Buiter Critique

2015-01-25

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2015-01-25

In a Citi research note, Willem Buiter discusses the SNB’s decision to discontinue the exchange rate floor of the Swiss Franc vis-a-vis the Euro. His main points are: Buiter refers to his earlier work on removing the lower bound on nominal interest r...

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Free exchange: Broke but never bust

2015-01-22

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2015-01-22

Throwing caution to the wind
CONTEMPORARY central banking is a strongbox of oddities. Deposits, which normally pay interest, can now incur a charge. Investments in government debt, which normally offer a return, give a negative yield. Faced with this weirdness central banks are trying to respect some cardinal rules of finance, with the Swiss National Bank (SNB) and the European Central Bank (ECB) taking steps to protect themselves from losses and ensure that their...

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Switzerland’s currency: Shaken, not stirred

2015-01-22

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2015-01-22

Switzerland currency
SWISS voters used to hold their central bank in high esteem: one survey in 2013 found the Swiss National Bank (SNB) to be their most respected national institution. That may change after its shock decision on January 15th to abandon the Swiss franc’s cap against the euro. The franc instantly shot up by 30%, provoking howls of anguish from Swiss firms.

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Foreign exchange: Swiss miss

2015-01-21

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2015-01-21

WHEN the Swiss National Bank (SNB) intervened to weaken its currency in 2011, analysts called the subsequent abrupt drop in the franc’s value a “20-standard-deviation move”. Assuming the franc’s ups and downs follow a normal distribution, such a big shift should not have occurred again for many squillions of years.

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