Wednesday , June 19 2019
Home / SNB & CHF

SNB & CHF

Das Einmaleins des neuen Leitzinses

Wie schon beim Libor teilt die Nationalbank mit dem Leitzins mit, wo sie die Kurzfristzinssätze haben will: SNB-Präsident Thomas Jordan. Foto: Anthony Anex (Keystone) Die Schweizerische Nationalbank (SNB) führt neu einen Leitzins ein. Hatte sie denn bis jetzt gar keinen? Doch, hatte sie, aber der hiess anders. Nutzen wir doch die Gelegenheit, um zu klären, was eigentlich ein Leitzins ist. Und was sich nun geändert hat....

Read More »

Pound to Swiss Franc forecast: Brexit limbo hurting Sterling

Political uncertainty & Brexit cause sterling weakness The pound’s value is being predominantly dictated by Brexit. Over the past month sterling has gradually declined in value against the Swiss franc. There is potential for further falls for the pound due to the lack of clarity surrounding Brexit and the leadership battle for the new Conservative leader. There are candidates for the role of Prime Minister who have...

Read More »

Monetary policy assessment of 13 June 2019

Swiss National Bank leaves expansionary monetary policy unchanged and introduces SNB policy rate The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is unchanged at –0.75%. The SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation...

Read More »

Expansion of SNB statistics

New Focus Article series published on data portal The Swiss National Bank is expanding its offering in the field of statist ics. It is to start publishing articles on selected statistical subjects at irregular intervals. These articles will appear on the SNB data portal (data.snb.ch, Resources, International economic affairs, Focus articles) as so-called focus articles. The first focus article is out now and...

Read More »

Verschwörung gegen Schweiz: Was macht SNB?

„Verschwörung gegen die Schweiz?“ „Rekord-Wette von Spekulanten gegen Schweizer Franken.“ „Zur Zeit läuft die bisher grösste Währungs-Wette gegen den Schweizer Franken.“ So jüngst in Blick und Handelszeitung. Von 4 Milliarden Franken Short-Positionen gegen den Franken an der Börse in Chicago ist da die Rede. Und: Es seien dies Wetten auf die Schweizerische Nationalbank (SNB). Deren Chef Thomas Jordan habe beteuert, die...

Read More »

Pound to Swiss franc forecast: Brexit to continue to drive pound to swiss franc exchange rates

Since the start of the year the general trend for pound to swiss franc exchange rates has seen the pound strengthen. GBP/CHF mid-market levels started the year in the 1.23s and now are trading in the 1.30s. The pound strengthened as UK Prime Minister Theresa May extended Article50 by 6 months, which means the UK will not leave the EU without a deal. Brexit cross party talks However, in recent weeks the pound has...

Read More »

Brexit to drive pound to Swiss franc exchange rates

Yesterday the PM’s deputy David Liddington confirmed that the UK will be taking part in European elections, therefore in my view the cross-party talks between Theresa May and Jeremy Corbyn are over. If the Prime Minister thought that they would be able to come to an agreement in the upcoming days Mr Liddington would not have made the announcement yesterday. Over the last 24 hours the pound has lost some value against...

Read More »

Claudia Aebersold Szalay to become Head of Media Relations at the SNB

Claudia Aebersold-Szalay at a NZZ event. (Image: Evenito) Claudia Aebersold Szalay will assume the role of Head of Media Relations at the Swiss National Bank on 1 June, replacing Walter Meier who will be leaving the bank having reached retirement age. Ms Aebersold Szalay was previously an economics and business editor at the NZZ newspaper for eleven years. Her remit included covering European Central Bank and the...

Read More »

Pound to Swiss franc forecast – Brexit impasse means a fragile pound

Brexit Limbo At present Theresa May is in talks with Jeremy Corbyn in order to try and come up with a mutually acceptable deal to put to Brussels. The problem is May can’t even get a deal that is acceptable within her own party let alone Labour as well. Her deal has been rejected three times and Brussels are stone walling us on the Irish border. Brussels have reiterated there will be no changes to the deal on the table...

Read More »

SNB Results: Big Win After Big Loss in Q4 2018

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in the...

Read More »