Swiss Franc to Slump After ‘Remarkable’ SNB Cut, Analysts Say: The Swiss franc is likely to stay under pressure after a surprise interest-rate by the country’s ...
bloomberg.com/news/articles/2024-03-21/swiss-franc-to-slump-after-remarkable-snb-cut-analysts-say
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
Bank of Canada likely to lead the U.S. Fed in rate cuts: The Bank of Canada (BoC) is likely to move ahead of the U.S. Federal Reserve on its first rate cut ...
reuters.com/business/finance/bank-canada-likely-lead-us-fed-rate-cuts-2024-03-26/
Quick Glance: Bank of Canada Likely to Lead U.S. Fed in Rate Cuts
- The Bank of Canada is likely to move ahead of the U.S. Federal Reserve on its first rate cut, as tepid economic growth and cooling inflation are priming up conditions to ease borrowing rates sooner, economists and analysts said.
- Canada may also need deeper cuts in the current cycle, since the economy is much more sensitive to interest rates due to its household debt, which as a percentage of net disposable income is the highest among G7 countries.
- Canada is expected to cut more aggressively over a longer time frame than its neighbor.
- Bank of Canada Governor Tiff Macklem has said that despite two back-to-back soft inflation prints, underlying price pressures in the economy still persisted and it was still too early to consider a cut.
SNB's Schlegel sees need for analysis of UBS's capital requirements: The Swiss National Bank's vice chairman called for an in-depth review of UBS's capital ...
reuters.com/business/finance/snbs-schlegel-sees-need-analysis-ubss-capital-requirements-2024-03-28/
Swiss Central Bank Reduced Push to Prop Up Franc in 4th Quarter
bloomberg.com/news/articles/2024-03-19/swiss-central-bank-reduced-push-to-prop-up-franc-in-4th-quarter
Paid articlePaid
Obituary: influential Swiss graphic artist Roger Pfund : Roger Pfund, who has died aged 80, was a Swiss painter, graphic artist and designer ...
swissinfo.ch/eng/culture/obituary-influential-swiss-graphic-artist-roger-pfund/73854674
Morning Bid: Dollar flexes again, Japan warns: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-03-27/
Switzerland Shows No Signs of Changing the SNB After Jordan’s Long Reign: Switzerland could have the best chance in years to revamp its central bank right now ...
bloomberg.com/news/articles/2024-03-16/switzerland-shows-no-signs-of-changing-the-snb-after-jordan-s-long-reign
Paid articlePaid
SNB Says Review of UBS Capital Needed After Credit Suisse Takeover: Swiss regulators should re-examine the capital requirements placed on UBS Group AG in the ...
bloomberg.com/news/articles/2024-03-19/snb-says-review-of-ubs-capital-needed-due-to-increased-scale
Paid articlePaid
Swiss financial regulator plans to stress-test UBS this year: Swiss financial regulator FINMA said on Wednesday it plans to carry out 40 reviews of UBS and two ...
reuters.com/business/finance/swiss-financial-regulator-plans-stress-test-ubs-this-year-2024-03-20/
Wall Street extends overnight record setting after SNB cut, steady Fed: Global share benchmarks rallied farther into uncharted territory on Thursday and yields ...
reuters.com/markets/global-markets-wrapup-1-2024-03-21/
SNB’s Balance Sheet Is Just Too Big for Comfort, OECD Warns
bloomberg.com/news/articles/2024-03-14/snb-s-balance-sheet-is-just-too-big-for-comfort-oecd-warns
Paid articlePaid
Norway keeps interest rate on hold, eyes autumn cut: Norway's central bank kept its benchmark interest rate unchanged at 4.50% on Thursday ...
reuters.com/markets/rates-bonds/norway-keeps-interest-rate-hold-eyes-autumn-cut-2024-03-21/
Asia shares idle, dollar firm ahead of central bank bonanza: Asian shares idled and the dollar held firm on Monday as investors looked to navigate a minefield of ...
reuters.com/markets/global-markets-wrapup-1-2024-03-18/
SNB to wait until at least June before cutting rates modestly - Reuters poll: The Swiss National Bank will wait until at least June before cutting interest rates ...
reuters.com/business/finance/snb-wait-until-least-june-before-cutting-rates-modestly-2024-03-18/
UK interest rates held at 5.25%: Bank of England maintains rate, despite predictions that inflation will be below its own 2% target within months
thenationalnews.com/world/uk-news/2024/03/21/uk-interest-rates-bank-of-england/
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
The great central bank policy reversal kicks off: The world's biggest central banks are on the starting line of reversing a record string of interest rate hikes ...
reuters.com/markets/rates-bonds/great-central-bank-policy-reversal-kicks-off-2024-03-22/
Morning Bid: Central bank-sensitive shares face week of data: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-03-24/
Morning Bid: No holiday for US core inflation: A look at the day ahead in European and global markets from Wayne Cole.
reuters.com/world/europe/global-markets-view-europe-2024-03-25/
Switzerland gets a surprise rate cut. Will other central banks move before the Fed?
cnn.com/2024/03/21/economy/switzerland-europe-interest-rate-cuts/
Paid articlePaid
Switzerland Today: Today's briefing: a surprise interest rate drop, a worrying addiction study, and summer travel.
swissinfo.ch/eng/swiss-abroad/switzerland-today/74040979
UBS's rescue of Credit Suisse has created new risks for Switzerland, OECD says: UBS's rescue takeover of Credit Suisse a year ago has created "new risks and ...
reuters.com/markets/deals/ubss-rescue-credit-suisse-has-created-new-risks-switzerland-oecd-says-2024-03-14/
Banks: Swiss central bank apparently wants to make it easier for banks to access liquidity
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-schweizer-notenbank-will-offenbar-banken-zugang-zu-liquiditaet-erleichtern/100025315.html
Switzerland Today: In today's briefing: remote-controlled trains, Swiss neutrality, bank stress tests and a World Happiness Report.
swissinfo.ch/eng/swiss-abroad/switzerland-today-swiss-news-briefing/73970448
Monetary policy: Swiss National Bank surprisingly cuts key interest rate - Franconia falls
handelsblatt.com/finanzen/geldpolitik/geldpolitik-schweizer-nationalbank-senkt-ueberraschend-den-leitzins-franken-faellt/100026250.html
More than Lagarde and Powell: SNB boss Jordan receives an annual salary of 1.1 million euros
diepresse.com/18288190/mehr-als-lagarde-und-powell-snb-chef-jordan-kassiert-11-millionen-euro-jahresgehalt
Hannon’s Take: The Swiss Aside, Central Bankers Have Yet to Declare Victory: It is increasingly clear that central banks in rich countries expect to lower rates ...
wsj.com/articles/hannons-take-the-swiss-aside-central-bankers-have-yet-to-declare-victory-52078725
Swiss National Bank: SNB strengthened franc in 2023 with massive foreign currency sales
handelsblatt.com/finanzen/geldpolitik/schweizerische-nationalbank-snb-staerkte-franken-2023-mit-massiven-fremdwaehrungsverkaeufen/100025512.html
The Irish hotel that could have served as the Swiss government’s secret base: In the south of Ireland, a hotel could have become the refuge of the Swiss ...
swissinfo.ch/eng/history/the-irish-hotel-that-could-have-served-as-the-swiss-governments-secret-base/73599221
CS fell victim to a bank run. How much liquidity from the central bank would UBS need if it were caught in a storm like CS?
👉 Click here for the article: www.handelszeitung.ch/banking/was-ware-wenn-die-ubs-in-eine-krise-geraten-wurde-692490
BofA Joins Swiss-Franc Bears Predicting Parity After Rate Shock: Bank of America strategists are predicting parity for the Swiss franc against the euro this year ...
bloomberg.com/news/articles/2024-03-28/bofa-joins-swiss-franc-bears-predicting-parity-after-rate-shock
Paid articlePaid
SNB Has No Target for Franc Exchange Rate, Vice President Martin Schlegel Says: The Swiss National Bank has no target for the franc exchange rate ...
bloomberg.com/news/articles/2024-03-27/snb-has-no-target-for-franc-exchange-rate-schlegel-says
Bloomberg Weekend Reading: Japan Ends the Era of Negative Rates: Get caught up.
bloomberg.com/news/newsletters/2024-03-23/bloomberg-weekend-reading-japan-ends-the-era-of-negative-rates
European, US stock markets moderate trading amid interest rate outlook: European and US stock markets were mixed Friday after gaining earlier in the week over ...
punchng.com/european-us-stock-markets-moderate-trading-amid-interest-rate-outlook/
Surprise: The National Bank cuts the key interest rate by 0.25 percentage points - this has direct consequences for the real estate market
shn.ch/ueberregionales/wirtschaft/2024-03-21/ueberraschung-die-nationalbank-senkt-leitzins-um-025
Interest Rate Cuts: Inflation Scare Fades as SNB Leads Way for Fed, ECB, BOE: From Zurich to London to Washington, the great inflation scare that gripped the ...
bloomberg.com/news/articles/2024-03-21/rate-cuts-latest-inflation-scare-fades-as-snb-leads-way-for-fed-ecb-boe
Paid articlePaid
A turning point in central banking: Last week’s monetary policy moves mark a shift away from strict inflation targeting
ft.com/content/2cbf2116-f18f-492e-8f3f-170bc8402d5f
Paid articlePaid
World Economy Latest: Swiss National Bank Cuts Interest Rates While Fed Holds: The Swiss National Bank surprised with the first interest-rate cut among its ...
bloomberg.com/news/articles/2024-03-23/world-economy-latest-swiss-national-bank-cuts-interest-rates-while-fed-holds
Paid articlePaid
Ringgit to move in narrow range: PETALING JAYA: The ringgit is expected to trade in a narrow range of 4.73 to 4.74 against the US dollar this week ...
thestar.com.my/business/business-news/2024/03/25/ringgit-to-move-in-narrow-range
Asia shares on a roll as SNB kicks off rate cuts - Markets - The Jakarta Post: Asia shares on a roll as SNB kicks off rate cuts - Markets - The Jakarta Post
thejakartapost.com/business/2024/03/22/asia-shares-on-a-roll-as-snb-kicks-off-rate-cuts.html
National Bank: The consequences of a world premiere: The SNB is the first central bank to declare inflation defeated - This has consequences for rents ...
luzernerzeitung.ch/wirtschaft/zinsen-weltpremiere-snb-jordan-erklaert-inflation-fuer-besiegt-was-sich-veraendert-und-was-nicht-fuer-mieten-und-immobilien-ld.2597502
Paid articlePaid
Euphoria on Wall Street: Is the Fed following the SNB?: Surprisingly, the Swiss National Bank was the first Western central bank to lower interest rates again ...
nzz.ch/finanzen/folgt-fed-chef-jerome-powell-bald-dem-beispiel-seines-schweizer-kollegen-thomas-jordan-aus-sicht-der-wall-street-bestehen-keine-zweifel-daran-ld.1823364
Paid articlePaid
Asia shares on a roll as SNB kicks off rate cuts - Markets - The Jakarta Post: Asia shares on a roll as SNB kicks off rate cuts - Markets - The Jakarta Post
thejakartapost.com/business/2024/03/22/asia-shares-on-a-roll-as-snb-kicks-off-rate-cuts.html
Let Loose: The Bloomberg Open, Asia Edition: Good morning. The SNB moves ahead of the Fed to ease. Taiwan shocks with a hike. And Yoshinobu Yamamoto fails his ...
bloomberg.com/news/newsletters/2024-03-21/let-loose-the-bloomberg-open-asia-edition
Paid articlePaid
The dollar jumped the most in over a month after the Swiss National Bank surprised investors by cutting interest rates, while traders boosted bets that the ... Show more
SNB Says Banks Need Better Liquidity, Loss Absorption Plans: The Credit Suisse crisis showed that Swiss banks need to plan better for emergency situations in ...
bloomberg.com/news/articles/2024-03-21/snb-says-banks-need-better-liquidity-loss-absorption-plans
Paid articlePaid
SNB’s Jordan Is Still the Million-Dollar Central Banker
bloomberg.com/news/articles/2024-03-19/snb-s-jordan-is-still-the-million-dollar-central-banker
SNB as bank supervisor? Colm Kelleher's idea is irritating: One year after the CS collapse, adjustments to banking supervision are necessary ...
nzz.ch/wirtschaft/die-snb-als-bankaufseherin-die-idee-des-ubs-praesidenten-kelleher-irritiert-ld.1822760
Paid articlePaid
SNB Rate-Cut Latest: Curve Ball Can’t Be Ignored as Banks Go Short the Franc: A handful of banks expect Switzerland’s policymakers will go against forecasts and ...
bloomberg.com/news/articles/2024-03-20/snb-rate-cut-latest-curve-ball-can-t-be-ignored-as-banks-go-short-the-franc
Switzerland Surprises With a Rate Cut. Why the Rest of Europe Might Be Inspired.: With a surprise cut to interest rates, the Swiss National Bank managed to push ...
on.barrons.com/43x60py
SNB cuts key interest rate: Housing construction now more attractive for investors
tagesanzeiger.ch/snb-senkt-leitzins-wohnungsbau-jetzt-fuer-investoren-attraktiver-763330884754
Paid articlePaid
National Bank is faster than the economists' guild - why she dared to go against the trend - Zofinger Tagblatt
zofingertagblatt.ch/kommentar-nationalbank-ist-schneller-als-die-oekonomenzunft-warum-sie-sich-getraut-gegen-den-trend-zu-schwimmen/
Today in Switzerland: A roundup of the latest news on Friday: Geneva to offer financial perks to its residents; Swiss franc weakens against the euro; and more ...
thelocal.ch/20240322/today-in-switzerland-a-roundup-of-the-latest-news-on-friday-132
European Markets Climb; London and Frankfurt Set Records: Thursday saw European stock markets close with gains. London's market notably surged after the ...
riotimesonline.com/european-markets-climb-london-and-frankfurt-set-records/
SNB interest rate decision: consequences for mortgages, savings accounts, rents, cash liabilities
nzz.ch/finanzen/snb-zinsentscheid-folgen-fuer-hypotheken-sparkonten-mieten-kassenobli-ld.1822780
Paid articlePaid
The SNB still owes good reasons for its unexpected interest rate cut: The surprising easing of monetary policy leaves one perplexed. The step does not appear to ...
nzz.ch/meinung/warum-diese-eile-die-snb-bleibt-triftige-gruende-fuer-ihre-zinssenkung-schuldig-ld.1823186
Paid articlePaid
Sustainability reporting: SNB publishes CO2 emissions of investments - and now?: The Swiss National Bank is reporting the CO2 footprint of its portfolio for the ...
nzz.ch/meinung/weder-nationalbank-noch-die-finanzindustrie-sind-verantwortlich-dafuer-die-umwelt-zu-retten-ld.1822788
Paid articlePaid
Today in Switzerland: A roundup of the latest news on Tuesday: Less cash is in use in Switzerland; cantons with highest rents; and more news in our roundup on ...
thelocal.ch/20240319/today-in-switzerland-a-roundup-of-the-latest-news-on-tuesday-133
UBS would be too big to be rescued: Switzerland is struggling for new regulation a year after the end of Credit Suisse.
diepresse.com/18282087/ubs-waere-zu-gross-fuer-eine-rettung
SNB to Start Cutting Interest Rates in June, Survey Shows: The Swiss National Bank will start lowering interest rates sooner than previously predicted ...
bloomberg.com/news/articles/2024-03-18/snb-to-start-cutting-interest-rates-in-june-survey-shows
Paid articlePaid
SNB’s Balance Sheet Is Just Too Big for Comfort, OECD Warns
bloomberg.com/news/articles/2024-03-14/snb-s-balance-sheet-is-just-too-big-for-comfort-oecd-warns
Paid articlePaid
SNB Should Cut Rates Without Awaiting ECB, Sarasin’s Junius Says: The Swiss National Bank shouldn’t wait for global peers to cut interest rates and ought to go ...
bloomberg.com/news/articles/2024-03-13/snb-should-cut-rates-without-awaiting-ecb-sarasin-s-junius-says
Paid articlePaid
SNB President Jordan should refrain from cutting key interest rates next week: The pressure on the SNB is increasing. Because inflation in Switzerland has been ...
nzz.ch/meinung/soll-die-snb-den-leitzins-senken-die-zeit-ist-noch-nicht-reif-dafuer-ld.1822000
Paid articlePaid
Definitive annual figures: SNB writes loss of 3.2 billion francs in 2023: The Swiss National Bank (SNB) reports a definitive loss of 3.2 billion francs for 2023 ...
tagesanzeiger.ch/keine-ausschuettungen-fuer-bund-und-kantone-snb-schreibt-2023-definitiven-verlust-von-3-2-milliarden-franken-477233270611
Quick Glance: Definitive Figures: SNB Reports 3.2 Billion Franc Loss
- The Swiss National Bank (SNB) reports a definitive loss of 3.2 billion Swiss francs in 2023, with no distributions to the federal government and cantons.
- SNB achieved profits on foreign currency positions and gold holdings, but incurred losses on Swiss franc positions.
- Despite the anticipated loss, distributions to the federal government and cantons, as well as dividends to shareholders, are withheld.
- The published figures confirm a balance sheet loss of 53.2 billion Swiss francs after accounting for provisions and distribution reserves.
Swiss Seek New Franc Pilot as Jordan Exits After 12 Years: One of Switzerland’s most consequential public appointments in a generation will take place this year ...
bloomberg.com/news/articles/2024-03-01/switzerland-needs-a-new-franc-pilot-as-jordan-quits-the-cockpit
Paid articlePaid
Inflation: Swiss inflation at its lowest level in almost two and a half years: At 1.2 percent, inflation in February is clearly within the Swiss National Bank's ...
handelsblatt.com/finanzen/geldpolitik/teuerung-schweizer-inflation-auf-niedrigstem-stand-seit-fast-zweieinhalb-jahren/100020519.html
Inflation, currency, total assets: How good was Thomas Jordan?: No one shaped Switzerland's most important economic indicators like Thomas Jordan ...
solothurnerzeitung.ch/wirtschaft/nationalbank-ein-riesenberg-devisen-tiefe-teuerung-starke-waehrung-thomas-jordans-aera-in-drei-grafiken-ld.2586457
Steve Bannon’s man in Italy wins fight over right-wing ‘gladiator school’: Victorious former EU Parliament staffer said the court verdict was a blow against ...
politico.eu/article/steve-bannon-rome-right-wing-gladiator-school-populist-nationalists/
Quick Glance: Right-Wing 'Gladiator School' Triumphs for Steve Bannon
- In the midst of Europe's shift to the right, Steve Bannon looks to make a political comeback following a landmark court victory.
- The head of the Swiss National Bank is set to step down from his position in the autumn.
- While the financial canary in Europe's coal mine continues to chirp merrily, there are ominous signs on the horizon.
- As numerous fixed-rate agreements expire this year, homeowners will soon feel the impact of the rising interest rates in 2023.
Box office! 🍿
Watch worldwide NOW on DAZN and on Eurosport 📺 #RiyadhSeason | Riyadh Season موسم الرياض
Monetary policy: Swiss central bank confirms billion-dollar loss for 2023 - Inflation continues to fall
handelsblatt.com/finanzen/geldpolitik/geldpolitik-schweizer-notebank-bestaetigt-milliardenverlust-fuer-2023-inflation-sinkt-weiter/100020493.html
Swiss inflation continues to slow down in February : Data for the month of February shows inflation is back to its 2021 level, at 1.2%, compared with the same ...
euronews.com/business/2024/03/04/swiss-inflation-continues-to-slow-down-in-february
Martin Schlegel is the favorite to succeed Thomas Jordan at the SNB: The Vice President of the Swiss National Bank, Martin Schlegel, represents a new generation ...
nzz.ch/wirtschaft/martin-schlegel-der-favorit-fuer-die-nachfolge-von-thomas-jordan-steht-fuer-eine-neue-generation-in-der-nationalbank-ld.1821005
Paid articlePaid
National Bank: These are possible successors for Thomas Jordan: After Thomas Jordan's resignation, a position on the board of directors must be filled and the ...
bzbasel.ch/wirtschaft/nationalbank-wer-beerbt-thomas-jordan-koenigsmacherin-karin-keller-sutter-und-ihre-kandidaten-ld.2590643
Paid articlePaid
Switzerland should seize the opportunity offered by the departure of SNB President Thomas Jordan to transform the central bank ... Show more
Thomas Jordan Exit Is Switzerland's Chance to Transform SNB, Watchers Say: Switzerland should seize the opportunity offered by the departure of Swiss ...
bloomberg.com/news/articles/2024-03-04/snb-chief-exit-is-chance-to-transform-central-bank-watchers-say
Swiss Inflation Slows Less Than Expected Before SNB Meeting
bloomberg.com/news/articles/2024-03-04/swiss-inflation-slows-less-than-expected-before-snb-meeting
SNB Reported 3.2 Billion-Franc Loss for 2023 on Currency: Chart
bloomberg.com/news/articles/2024-03-04/snb-reported-3-2-billion-franc-loss-for-2023-on-currency-chart
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics