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ZURICH, Sept 22 (Reuters) - The Swiss National Bank is going to use SNB bills and repo transactions to absorb liquidity in order to ensure short-term money market rates remain close to the now ...
BERN, Dec 12 (Reuters) - The Swiss National Bank could still take interest rates into negative territory, Chairman Martin Schlegel, although the likelihood of such a move has reduced after the ...
The cut is the steepest drop in Swiss borrowing costs since the SNB's emergency rate reduction in January 2015 when it suddenly quit its minimum exchange rate with the euro. "With our easing of ...
"It cannot be ruled out that further increases in the SNB policy rate will be necessary to ensure price stability over the medium term," Jordan said in remarks prepared for a speech after the ...
Those two quarter-point moves would bring the key rate to 0.5%, the poll of economists showed. The previous survey hadn’t anticipated any action after the SNB’s September reduction.
Prisma by Dukas / Contributor / Getty Images The term Swiss National Bank (SNB) refers to the central bank of Switzerland. Founded in 1906, the SNB is located in Berne and Zurich, with six other ...
The SNB will probably end its rate-cutting cycle with a policy rate of 0.0%, compared with 0.5% currently, he says. Inflation has eased but should stabilize above the lower limit of the SNB’s 0% ...
The SNB will pay interest at its policy rate of 0.5% to banks up to 20 times their minimum reserve requirement from February 1 next year, down from 22 times previously. Sight deposits held above the ...
Over the year as a whole, foreign currency purchases totalled CHF1.2 billion, as can be seen in the SNB’s annual report published on Tuesday. Purchases slowed down in the final quarter.
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