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Tag Archives: Swiss National Bank

The Swiss National Bank reports a profit of CHF 51.5 billion for the first three quarters of 2019

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 good years of the credit cycle now. Bad quarters...

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BIS Innovation Hub Centre in Switzerland

From the SNB’s press release regarding the newly established BIS Innovation Hub Centre in Switzerland: “The Swiss Centre will initially conduct research on two projects. The first of these will examine the integration of digital central bank money into a distributed ledger technology infrastructure. This new form of digital central bank money would be aimed at facilitating the settlement of tokenised assets between financial institutions. Tokens are digital assets...

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SNB Jordan: Cannot say how long negative interest rates will last

. SNBs Jordan on the wires The Swiss national banks Jordan is on the wires saying: He cannot say how long negative interest rates will last Negative rates are necessary for now Interest rate spreads like important role for exchange rates The USDCHF is trading higher today. It currently trades at 0.9861. The 100 hour moving average stalled the rally at 0.98737 today. The 200 hour moving average at 0.98479 was rebroken to the upside earlier. That is now support....

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Nationalbank – SNB-Präsident Jordan: Libra könnte Geldpolitik gefährden

Thomas Jordan, Präsident des Direktoriums der Schweizerischen Nationalbank, in einem früheren Interview mit cash. Die Schweizerische Nationalbank (SNB) misst Kryptowährungen wie Bitcoin wenig Potenzial zu. Die Chancen darauf, als Zahlungsmittel akzeptiert zu werden, sind aus Sicht der Zentralbank gering. Kryptowährungen hätten “eher den Charakter von spekulativen Anlageinstrumenten als von ‘gutem’ Geld”, sagte der SNB-Präsident in einer Rede an der Universität...

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Swiss National Bank Presents New 100-Franc Note

100-Franc Note - Click to enlarge The Swiss National Bank (SNB) will begin releasing the new 100-franc note on 12 September 2019, bringing the issuance of the ninth banknote series to a close. The first denomination in the new series, the 50-franc note, entered circulation on 13 April 2016. This was followed by the 20, 10, 200 and 1000-franc notes, which were released at six or twelve-month intervals. The inspiration behind the new banknote series is ‘The many...

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SNB reports a profit of CHF 38.5 billion for the first half of 2019.

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...

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Swiss monetary policy – it’s (almost) all about the Swiss franc

With the ECB and the Fed both signalling their readiness to provide further stimulus, the Swiss National Bank is unlikely to have smooth sailing over the coming months. How the Swiss National Bank (SNB) reacts to further stimulus by its US and European counterparts will be the key focus of the coming months for investors. We believe that the Swiss central bank will be reluctant to cut rates in direct response to the...

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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....

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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...

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SNB loses 15 billion in 2018

Overview The SNB earned 2 billion on negative interest rates (Swiss franc positions below), but lost nearly 17 billion CHF on FX investments, of which 5 bn on bonds and 12 bn on stocks. The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, the results have huge swings that depends on the FX rate. But the SNB may lose 50...

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