Swiss National Bank says it’s adding co-operative lender Raiffeisen to a list of banks that come under closer supervision due to their importance to the wider financial system Credit Suisse, Union Bank of Switzerland and Zuercher Kantonalbank are the other … Continue reading
Comments from Danthine in an interview with L’Agefi. He added that real estate market imbalances stabilized in the last quarter. In early September it will be three years since the Swiss National Bank introduced the floor.
SNB says deal allows renminbi, swiss franc purchased up to CHF 21 bln swap deal prequisite for Swiss renminbi market swap effective for 3 years
SNB hasn’t intervened in CHF since Sept 2012 Out a few moments ago as his presser comes to a close. Market has been doing ther job for them since. USDCHF still 0.8925, EURCHF 1.2169
monitoring situation closely Presser in full flow. Apols for late post.. Server/site issues, not my ageing finger bones! Swiss inflationary pressure has receded mid-term no signs of inflation risks Danthine: economic and financial conditions remain challenging banks should increase transparency … Continue reading
keeps EURCHF cap at 1.2000 ready to buy unlimited quantities of fx The Swiss National Bank (SNB) is maintaining its minimum exchange rate of CHF 1.20 per euro. The Swiss franc is still high. With a three month Libor close … Continue reading