Swiss National Bank Leaves Rates Unchanged at 1.75% and Lowers Inflation Forecast

The Swiss National Bank kept its policy rate at 1.75% in its December meeting, it came after the Federal Reserve had signaled a pivot towards lowering rates in 2024 the day before. The SNB also lowered its inflation forecast for next year but warned that uncertainty was clouding the decision-making path ahead. The decision follows Swiss annual inflation fell to 1.4% in November, down from 1.7% in October, driven by lower inflation on goods and tourism services, the bank said. … Continue reading “Swiss National Bank Leaves Rates Unchanged at 1.75% and Lowers Inflation Forecast”

Swiss National Bank Surprises Leaving Rates Unchanged at 1.75% Sending Swiss Franc Lower

The Swiss National Bank kept its policy rate at 1.75% in its September meeting, it came as a surprise to the markets who had expected on more raise. The move sent the Swiss Franc Lower. It does feel like a move against the Franc and the bank said will remain active in the foreign exchange market as necessary. USDCHF rising to 0.9050 from 0.8990 before the decision. The SNB move follows the recent Fed pause and ECB ‘final hike’. The … Continue reading “Swiss National Bank Surprises Leaving Rates Unchanged at 1.75% Sending Swiss Franc Lower”

Swiss National Bank Raised Policy Rate by 25 bps to 1.75%, Will Remain Active in FX Market

The Swiss National Bank raised its policy rate by 25 bps to 1.75% in its June meeting, following a 50bps move in March and bringing borrowing costs the highest since November 2008. The move matched the expectations of 14 within consensus with 1 having expected a hold and 6 expecting +50. The central bank forward guidance indicated that further tightening is ‘most likely’. Two-year notes rallied on the milder hike compared to the risk and the Swiss Franc came off … Continue reading “Swiss National Bank Raised Policy Rate by 25 bps to 1.75%, Will Remain Active in FX Market”

Swiss National Bank Raises Policy Rate by 50 bps to 1.50%, says Switzerland Banking Crisis Over

The Swiss National Bank raised its policy rate by 50 bps to 1.5% in its March meeting, following a similar move in December and bringing borrowing costs the highest since November 2008. The central bank also said that additional hikes in the policy rate could not be ruled out to ensure price stability over the medium term.  The Bank said FINMA, and the SNB had put a halt to the banking crisis and reiterated it was providing large amounts of … Continue reading “Swiss National Bank Raises Policy Rate by 50 bps to 1.50%, says Switzerland Banking Crisis Over”

Swiss National Bank Raises Policy Rate by 50 bps to 1.00%, as expected

The Swiss National Bank raised interest rates by 50 bps to 1.00%, market pricing was looking for a 50-bps rate hike. Notably the Swiss franc fell on the decision as those hoping for a 75bps rate hike were disappointed. In the aftermath after “SNB will sell forex in future if appropriate, will also buy to check excessive appreciation pressure.” The rate hike is to counter increased inflationary pressure and “The SNB cannot rule out further rate hikes to stabilize inflation.” … Continue reading “Swiss National Bank Raises Policy Rate by 50 bps to 1.00%, as expected”

Appreciation of Swiss Franc Guards Against Inflation says SNBs Jordan

The Swiss National Bank’s chief Jordan commenting in Lausanne, Switzerland Monday on inflation and the Swiss Franc said nominal appreciation of the franc helps guard against inflation. The remarks follow last week’s gain of 5.37% in the Swiss Franc against the US dollar. The strong Swiss franc has affectively shielded Switzerland from high imported inflation. Consumer price growth has already slowed for two consecutive months and is below 3%, compared to 10.7% in the surrounding euro area. Jordan said the Swiss … Continue reading “Appreciation of Swiss Franc Guards Against Inflation says SNBs Jordan”

Swiss National Bank Raises Policy Rate by 75 bps to 0.50%, Swiss Franc Falls sharply

The Swiss National Bank raised interest rates by 75 bps to 0.50%, market pricing was looking for a 100-bps rate hike instead. Notably the Swiss franc significantly weakened in the aftermath after SNB said “willing to be active in the FX market as necessary”. The move followed last meetings surprise 50 basis point hike which isolated Japan as the lone adherent to extremely easy monetary policy. The move took Switzerland out of negative rates. The rate hike is to counter … Continue reading “Swiss National Bank Raises Policy Rate by 75 bps to 0.50%, Swiss Franc Falls sharply”

Japanese Yen and Swiss Franc Attract Flight To Safety Bids on Virus Fears

The Japanese yen and the Swiss franc received safe haven bids on Friday as the global markets panicked on news of the Covid Omicron variant. In a thin market it also gave traders an opportunity to book profits after an extended rally in the US dollar. On the flip side commodity beneficiaries and the growth sensitive Australian dollar and Norwegian krone sold off. Moves weren’t just against the dollar. Whilst the euro rose 0.97 percent to a high of US$1.1312, … Continue reading “Japanese Yen and Swiss Franc Attract Flight To Safety Bids on Virus Fears”

Swiss National Bank One of The Largest & Most Influential Stock Market Investors With Over $162 Billion in U.S. Stocks

The global stock bull market has many success storys, one of the biggest is the Swiss National Bank (SNB) which has been stealthly investing internationally with it’s foreign currency holdings. A fifth of the foreign currencies are invested in equities throughout Europe, the US and emerging economies. .

Swiss National Bank With $88 Billion in U.S. Stocks Now One of The Largest & Most Influential

The Swiss National Bank (SNB) has been stealthly investing internationally with it’s foreign currency holdings at the end of September worth SFr760bn. A fifth of the foreign currencies are invested in equities throughout Europe, the US and emerging economies. $88 billion in U.S. stocks alone.