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Swiss National Bank

All articles tagged with #swiss national bank

economy26 days ago•2 min saved

Swiss National Bank holds rates at 0% despite global tightening, citing low inflation and strong franc

The Swiss National Bank (SNB) kept its key interest rate at 0% on September 24, 2026, diverging from major peers like the ECB and Fed who have recently hiked rates. SNB Chairman Martin Schlegel stated that the decision was based on Switzerland's low inflation, which stood at 0.8% in August, and the deflationary pressure exerted by the strong Swiss franc. While the bank signaled it remains willing to intervene in foreign exchange markets to prevent excessive currency appreciation, it noted that medium-term inflationary pressure has increased only slightly due to higher energy costs. Market traders are currently pricing a near 50-50 chance of a rate hike in December, with over 90% odds of a hike by early 2027.

via cnbc.com|

#economy #inflation #interest-rates

business5 months ago•15 min saved

SNB Urged to Divest Palantir Stake Over Immigration Surveillance Ties

Minneapolis activists urged the Swiss National Bank to sell its $1.1B Palantir stake due to Palantir’s role in U.S. immigration enforcement and ICE surveillance; the SNB held about 6.24 million Palantir shares at end-2025, Palantir faces scrutiny over its surveillance contracts, and a consensus price target implies upside despite recent declines.

via TipRanks|

#business #ice #immigration-enforcement

economy1 year ago•4 min saved

Switzerland Implements Zero Interest Rate Policy Amidst FX Intervention Concerns

European central banks, including Switzerland, have cut interest rates to zero or below to combat low inflation and economic sluggishness, influenced by global trade tensions and currency fluctuations, with some considering further rate cuts amid economic uncertainties.

via The New York Times|

#central-banks #economy #europe

economy1 year ago•3 min saved

Swiss Central Bank and Europe Implement Zero Interest Rate Policies Amid Global Uncertainty

The Swiss National Bank has lowered interest rates to zero to combat a surging Swiss franc and low inflation, marking the first time the country has set rates at zero since experimenting with negative rates, amid global trade tensions and a strong safe-haven currency.

via Financial Times|

#economy #inflation #interest-rates

finance1 year ago•3 min saved

ECB and Swiss Central Banks Poised for Key Rate Cuts Amid Economic Challenges

European markets saw slight declines as investors awaited the European Central Bank's (ECB) final monetary policy decision of the year, with expectations of a 25-basis-point rate cut. The Swiss National Bank surprised with a 50-basis-point cut amid inflation challenges and a strong franc. Meanwhile, U.S. inflation data aligned with forecasts, and traders anticipate a Federal Reserve rate cut next week. Brunello Cucinelli shares rose despite a retail sector slump, while Inditex shares fell following disappointing results.

via CNBC|

#european-central-bank #european-markets #finance

economy1 year ago•2 min saved

Swiss National Bank Slashes Rates to Curb Franc's Rise

The Swiss National Bank (SNB) has cut its key interest rate by 50 basis points to 0.5%, exceeding expectations of a smaller reduction, in response to subdued inflation and a strong Swiss franc. This marks the fourth rate cut this year as the SNB aims to manage currency appreciation and declining consumer prices. The bank's new inflation forecast predicts low inflation rates through 2026, with further rate cuts anticipated. The franc's strength continues to challenge Swiss exports amid weak global demand.

via CNBC|

#economy #inflation #interest-rate-cut

financeeconomics2 years ago•2 min saved

Swiss Central Bank's Interest Rate Cut: Bullish for Bitcoin?

The Swiss National Bank (SNB) has cut its benchmark interest rate by twenty-five basis points, diverging from other central banks committed to maintaining elevated rates. This move, driven by inflation below 2%, could signal positive prospects for crypto markets, historically influenced by global macroeconomic policies. While the U.S. Federal Reserve kept its rates unchanged, the SNB's unexpected decision led to decreased Swiss government bond yields and a weakened Swiss Franc. Analysts debate the impact of rate cuts on Bitcoin's price, with some emphasizing other macroeconomic factors as more influential.

via Decrypt|

#bitcoin #financeeconomics #global-macroeconomic-policy

finance2 years ago•3 min saved

"Swiss National Bank's Unexpected Rate Cut Outpaces Global Peers"

The Swiss National Bank surprised markets by cutting its main interest rate by 25 basis points to 1.50%, making it the first major central bank to ease monetary policy aimed at tackling inflation. This move, the first rate cut in nine years, comes as Swiss inflation dipped to 1.2% in February, within the SNB's 0-2% target range. The decision sent the Swiss franc to an eight-month low against the euro, with analysts expecting more cuts ahead and the central bank dialing down its inflation forecasts.

via Reuters|

#central-banks #finance #inflation

financeeconomy2 years ago•2 min saved

"Swiss Rate Cut Surprises Markets, Spurs Global Stock Jump"

The Swiss National Bank surprised the market by cutting its main policy rate to 1.5%, citing expectations of persistently low inflation. The bank also reduced its annual inflation forecasts and expects modest economic growth in the coming quarters. Analysts anticipate two more rate cuts this year, with the September meeting likely to be the last under the current chairman. Switzerland's move makes it the first major economy to cut interest rates amid global economic uncertainties, while the Bank of England is expected to maintain its current policy and Norway's central bank held rates steady at 4.5%.

via CNBC|

#economic-growth #financeeconomy #inflation

finance2 years ago•1 min saved

"SNB Takes Bold Step with Rate Cut, Surpassing ECB and Fed"

The Swiss National Bank has surprised the market by cutting its key interest rate by 25 basis points to 1.5%, making it the first such reduction for one of the world’s 10 most-traded currencies since the pandemic. This move comes ahead of global peers and aims to prevent gains in the franc, with only a small minority of economists anticipating this decision.

via Bloomberg|

#currency #finance #global-economy

finance2 years ago•1 min saved

"Swiss National Bank Chief Thomas Jordan Resigns After Decade of Currency and Bank Drama"

Thomas Jordan, the long-standing chief of the Swiss National Bank, has announced his resignation. Jordan, who has been at the helm of the central bank for nearly a decade, will step down in June 2022. His departure comes at a time of significant change in the global financial landscape and will likely prompt speculation about his successor and the future direction of Switzerland's monetary policy.

via Financial Times|

#central-bank #finance #resignation

finance3 years ago•0 min saved

Swiss National Bank Chairman Praises Credit Suisse's Intervention in Avoiding Financial Crisis

The chairman of the Swiss National Bank, Thomas Jordan, stated that the intervention to provide an emergency loan to Credit Suisse prevented a financial crisis and protected systemic stability. Jordan and FINMA CEO Urban Angehrn both emphasized the potential negative impact on the Swiss economy if the bank had gone bankrupt. However, Jordan acknowledged the need to learn from the situation, particularly in terms of liquidity regulations and safeguarding against significant outflows of customer deposits. The handling of the forced takeover has faced criticism and legal challenges, particularly regarding the lack of shareholder input and the write-down of Credit Suisse's additional tier-one bonds.

via CNBC|

#credit-suisse #finance #financial-crisis

economy3 years ago•1 min saved

SNB Breaks Rate Hike Streak, Surprises with Unchanged Rates

The Swiss National Bank (SNB) has decided to keep interest rates unchanged at its quarterly monetary policy meeting, ending its streak of five consecutive rate hikes. The SNB had been gradually lifting rates out of negative territory since June 2022 but cited the significant tightening of monetary policy and subdued growth outlook as reasons for maintaining the current rate of 1.75%. Inflation in Switzerland remains below the central bank's 2% target, and the Swiss franc has been performing strongly. The SNB indicated that further tightening may be necessary in the future to ensure price stability. The main risk to the Swiss economy is a potential global economic slowdown, and the SNB expects the economy to grow by around 1% this year.

via CNBC|

#economy #inflation #interest-rates

finance3 years ago•2 min saved

UBS terminates taxpayer backstop for Credit Suisse, ending government protections

UBS has announced that it will no longer require the 9 billion francs ($10.3 billion) of state guarantees provided by the Swiss government for the rescue of Credit Suisse, freeing taxpayers from any further risks. UBS also stated that it no longer needs a public liquidity backstop or a liquidity assistance loan from the Swiss National Bank, removing taxpayer-backed funding. This move is expected to calm the political debate surrounding Swiss taxpayers' exposure to UBS. UBS shares rose by 5% following the announcement.

via Reuters|

#credit-suisse #finance #liquidity-assistance

finance3 years ago•6 min saved

Swiss central bank under pressure for regulation reform after Credit Suisse collapse.

The Swiss National Bank (SNB) has promised to review banking regulations following the collapse of Credit Suisse. The central bank played a key role in brokering the rescue of Credit Suisse over the course of a chaotic weekend in March, as a flight of deposits and plummeting share price took the 167-year-old institution to the brink of collapse. The SNB faced questions and grievances from shareholders about the Credit Suisse situation on Friday, but the country's network of climate activists also sought to use the central bank's unwanted spotlight to challenge its investment policies.

via CNBC|

#banking-regulation #climate-activism #credit-suisse