Swiss National Bank’s Zurbruegg Says Not Focus of Monetary Policy to Curb Risk to Financial System Vulnerabilities

The Swiss National Bank Vice Chairman Fritz Zurbrügg in a speech in Geneva Tuesday said the focus of monetary policy is price stability and economic developments, and not curbing financial system vulnerabilities”. He added “Moreover, we have observed an increase in affordability risks over recent years.” “In Switzerland, vulnerabilities in the residential real estate and mortgage markets have increased since the onset of the pandemic,” Zurbruegg said in a speech in Geneva. “Moreover, we have observed an increase in affordability risks … Continue reading “Swiss National Bank’s Zurbruegg Says Not Focus of Monetary Policy to Curb Risk to Financial System Vulnerabilities”

Swiss National Bank Leaves Rates Unchanged at -0.75% as expected, Raises Inflation Forecast

The Swiss National Bank kept negative interest rates unchanged at -0.75% for sight deposits in December. The SNB made no key changes in their language as they continue to keep negative rates and reiterated that the Swiss franc remains “highly valued”. Monetary policy assessment of 16 December 2021Swiss National Bank maintains expansionary monetary policy Interest Rates Sight Deposits -0.75% UNCH 3-month Libor lower target range -1.25% 3-month Libor upper target range -0.25% Statement Highlights September 2021 SNB will remain active … Continue reading “Swiss National Bank Leaves Rates Unchanged at -0.75% as expected, Raises Inflation Forecast”

Swiss National Bank Leaves Rates Unchanged at -0.75% as expected, Franc Remains Highly Valued

The Swiss National Bank kept negative interest rates unchanged at -0.75% for sight deposits in September. The SNB made no key changes in their language as they continue to keep negative rates and reiterated that the Swiss franc remains “highly valued”.

Swiss National Bank Tests How to Issue a Central Bank Digital Currency

The Swiss National Bank announced they are to test a transfer of central bank digital currency funds. “We will try some cross-border functionality.” “There will be another central bank and another currency other than the Swiss franc. ” said Thomas Moser of the SNB’s governing board. The test follows the researxh paper “How to Issue a Central Bank Digital Currency”

Swiss National Bank Leaves Negative Rates Unchanged, Franc Remains Highly Valued

The Swiss National Bank kept negative interest rates unchanged at -0.75% for sight deposits. The SNB made no key changes in their language as they continue to keep negative rates and reiterated that the Swiss franc remains “highly valued”.