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Swiss National Bank (SNB)

SNB opts to hold rates

The Swiss National Bank left its target range unchanged on Thursday, arguing that the global economic slowdown would dampen inflationary pressures in the medium term.

Credit crunch – phase two

The credit crisis that started in August last year has moved into a destabilising second phase, with equity markets and the real economy looking increasingly shaky. This section analyses central banks’ response to the long-running crisis

SNB raises rates, sells gold

The Swiss National Bank has raised interest rates by 25 basis points to 2.5% on 14 July. The central also announced that it will sell 250 tonnes of gold and increase its foreign exchange reserves by a corresponding amount.

Swiss National Bank - Annual Report 2003

The Swiss National Bank has published its Annual Report for the year ended 2003. After two years characterised by economic problems and geopolitical tension, the situation for the world economy improved in 2003. The US economy, which was steadily…

Swiss central bank to sell 283T of gold

SWITZERLAND - The Swiss National Bank (SNB) plans to sell a further 283 tons of gold by the end of September 2003 under its plan to dispose of 1 300 tons of unneeded reserves, the central bank said on Thursday.

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