Swiss National Bank (SNB)
Banknotes: April to June 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Global natural rates could be rising, SNB governor says
Jordan says Swiss central bank’s approach allows it to deal with uncertainty over r*
Cecilia Skingsley on monetary policy tech and a unified ledger
Head of the BIS Innovation Hub speaks about tokenisation, CBDCs and the ‘black box problem’ in AI
World Bank to issue first international CHF digital bond
Bond to be settled by Swiss franc wholesale CBDC
SNB raises bank reserve requirements
Calculation formula changed as central bank looks to save on interest payments
Switzerland proposes new rules to close Sib oversight gap
Public backstop to become permanent, SNB to provide more liquidity
SNB to explore wCBDC settlement for monetary operations
Project Helvetia allows safe and efficient settlement, says governor, but retail CBDC is risky
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
BIS project aims to redesign global payments infrastructure
“Most ambitious” innovation hub project to date will test BIS’s “unified ledger” concept
Policy round-up: Switzerland and Czech Republic cut rates
Norges Bank holds rates in face of uncertainty
People: Sveriges Riksbank appoints new deputy governor
BIS replaces general counsel, SNB announces new head of communications
SNB posts loss of Sfr3.2 billion
Sight deposit account balances drove this year’s loss, Swiss National Bank says
SNB head Thomas Jordan announces retirement
Board chair praises Swiss central banker for leadership in crises and record of change
BIS and partners will test digitising promissory notes
World Bank and SNB to work on project using distributed ledger technology
Finma calls for more powers after Credit Suisse failure
Swiss central bank head had wanted to nationalise the failing global lender
SNB lowers inflation expectations as it keeps rates at 1.75%
Swiss central bank adopts a more dovish communication, analysts expect rate cuts early in 2024
BIS, World Bank and IMF to collaborate on tokenisation project
Digitisation of notes will facilitate transfer of development money to emerging economies
SNB cuts interest payments amid losses
Swiss central bank lost over Sfr12 billion in Q3
People: Novelist named to Honduras central bank board
SNB official retires next year; two new vice-presidents at ADB; and more
SNB surprises markets by holding rates at 1.75%
Swiss central bank to allow all banks to use mortgages as collateral to access liquidity
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Machine learning pushes frontier of forecasting
AI techniques are starting to transform central banks’ statistical modelling. They could soon revolutionise structural models as well
Equities look set to stay in FX reserves portfolios
Despite 2022 losses and higher bond yields, central banks maintain commitments to the risky asset class
SNB to test wholesale CBDC in real-world pilot
Tokenised assets will be settled on the SIX Digital Exchange