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SNB |
Written by Swiss National Bank |
Dec 10 09 07:34 GMT |
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The Swiss National Bank is maintaining its expansionary monetary policy. The economic recovery, while certainly underway, nevertheless remains fragile. There is still considerable uncertainty over how the situation will develop. Consequently, the SNB is holding the target range for the three-month Libor at 0–0.75%. It is aiming to keep the Libor in the lower end of this range, i.e. around 0.25%. It will continue to provide the economy with a generous supply of liquidity; however, its purchases of Swiss franc bonds issued by private sector borrowers will be discontinued. The SNB will act decisively to prevent any excessive appreciation of the Swiss franc against the euro. |
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SNB |
Written by Swiss National Bank |
Sep 17 09 12:11 GMT |
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The Swiss National Bank is maintaining the expansionary monetary policy which it initiated last March. Despite the recent increase in the number of encouraging economic signs, uncertainty as to future developments remains considerable. In these circumstances, the SNB is opting for caution and retaining its monetary policy unchanged. |
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SNB |
Written by Swiss National Bank |
Jun 18 09 08:02 GMT |
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The Swiss National Bank (SNB) is continuing the policy introduced in March whereby it implemented a firm relaxation of monetary conditions. Despite the emergence of some encouraging signs, the global economic situation remains unfavourable and further economic deterioration cannot be ruled out. In Switzerland, the economic situation is difficult; the risk of deflation has abated, but still remains a concern. |
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SNB |
Written by Swiss National Bank |
Mar 12 09 13:10 GMT |
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The economic situation has deteriorated sharply since last December, and there is a risk of negative inflation over the next three years. Decisive action is thus called for, to forcefully relax monetary conditions. Against this background, the Swiss National Bank (SNB) is making another interest rate cut and acting to prevent any further appreciation of the Swiss franc against the euro. To this end, it will increase liquidity substantially by engaging in additional repo operations, buying Swiss franc bonds issued by private sector borrowers and purchasing foreign currency on the foreign exchange markets. |
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SNB |
Written by Swiss National Bank |
Dec 11 08 07:41 GMT |
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The Swiss National Bank (SNB) is lowering the three-month Libor target range by 50 basis points to 0.0-1.0% with immediate effect. It will continue to provide the Swiss franc money market with a generous and flexible supply of liquidity. It will take all necessary steps to gradually bring the Libor down to the middle of the target range. |
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SNB |
Written by Swiss National Bank |
Nov 20 08 11:28 GMT |
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The Swiss National Bank (SNB) is lowering the three-month Libor target range by 100 basis points to 0.5-1.5% with immediate effect. It will provide the Swiss franc money market with a generous and flexible supply of liquidity in order to bring the Libor down to the middle of the target range. |
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SNB |
Written by Swiss National Bank |
Nov 06 08 11:20 GMT |
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The Swiss National Bank (SNB) is lowering the three-month Libor target range by 50 basis points to 1.5%-2.5% with immediate effect. It intends to hold the rate in the middle of the target range for the time being. The global economic outlook has deteriorated more severely than anticipated, which will impact growth in Switzerland in the next few quarters; growth in 2009 might even be negative. Moreover, the economic slowdown, the decline in the price of oil and the appreciation of the Swiss franc are reinforcing the expected drop in inflation. |
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SNB |
Written by Swiss National Bank |
Sep 18 08 12:07 GMT |
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Swiss National Bank leaves target range for the three-month Libor unchanged at 2.25-3.25%. The Swiss National Bank (SNB) is leaving the target range for the Swiss franc three-month Libor unchanged at 2.25-3.25%, and intends to hold the rate in the middle of the target range for the time being. It is continuing its generous and flexible provision of liquidity to the Swiss franc money market. |
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SNB |
Written by Swiss National Bank |
Jun 19 08 07:40 GMT |
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Swiss National Bank leaves the target range for the three-month Libor unchanged at 2.25-3.25%. The Swiss National Bank (SNB) is leaving the target range for the Swiss franc three-month Libor unchanged at 2.25-3.25%. It intends to hold the rate in the middle of the target range for the time being. |
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SNB |
Written by Swiss National Bank |
Mar 13 08 14:37 GMT |
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The Swiss National Bank (SNB) is leaving the target range for the three-month Libor unchanged at 2.25-3.25%. It intends to hold the rate in the middle of the target range for the time being. The international environment will probably result in a slowdown in economic activity in Switzerland. The National Bank forecasts GDP growth between 1.5% and 2% for 2008. Due to the sharp increase in energy prices, the inflation forecast for the current year has been adjusted upwards. |
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SNB |
Written by Swiss National Bank |
Mar 11 08 12:53 GMT |
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The SNB will conduct the next US dollar auction on 25 March 2008 with settlement on 27 March 2008. The maximum amount offered will be USD 6 billion. The US dollar repo auction against SNB-eligible collateral will be conducted in the form of a variable rate tender auction and will provide funds for 28 days. Further information about the US dollar auction and the technical requirements of the auction will be posted on the SNB website (http://www.snb.ch, Financial markets / Monetary operations / Repos). |
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SNB |
Written by Swiss National Bank |
Jan 31 08 11:32 GMT |
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The problems linked to the US housing and mortgage market dominated international financial markets in 2007. Despite the difficulties on the financial markets in the second half of the year, the global economy was robust last year. For 2008, the outlook for global economic growth has deteriorated and become more uncertain. |
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SNB |
Written by Swiss National Bank |
Dec 13 07 10:08 GMT |
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The Swiss National is leaving the target range for the three-month Libor unchanged at 2.25-3.25%. It intends to hold the rate in the middle of the target range for the time being. The global economy is likely to grow at a somewhat slower pace this year and next year than the National Bank expected back in September. |
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