Switzerland
Swiss National Bank, Quarterly Bulletin 2, June 06
According to the Swiss National Bank's Quarterly Bulletin for June 2006, in the first quarter of 2006, economic growth picked up in most large economies.
SNB's Hildebrand says Middle East a risk
Philipp Hildebrand, a member of the Swiss National Bank's (SNB) governing board said in an interview the conflict between Israel and Hezbollah constitutes a new risk factor.
SNB's Jordan on communication in monetary policy
In the speech 'Communication in monetary policy: Experiences of the Swiss National Bank' given on 24 June Thomas Jordan of the Swiss National Bank said central banks have become significantly more transparent about their goals and procedures over the…
BIS' White on financial globalisation
In the speech 'Financial globalisation' given on 19 June William R White of the BIS said the globalisation of financial markets provides both enormous opportunities and enormous challenges.
Hildebrand's reflections on the gold market
In the speech 'Reflections on the gold market' given on 26 June Philipp Hildebrand of the Swiss National Bank said even if gold has lost its role as an anchor for the international monetary system, it does not mean that it has become a commodity like any…
SNB's Roth on transparency and communication
In the speech 'No news, good news - transparency and communication in monetary policy' given on 16 June Jean-Pierre Roth of the Swiss National Bank said central bank transparency yields economic benefits because it enhances monetary policy effectiveness…
BIS Annual Report 2005/2006
According to the Bank for International Settlements Annual Report 2005/2006, central banks need to continue raising interest rates to deal with rising inflation pressures and threats from global current account imbalances.
Interview with SNB's Hildebrand
In an interview with Swissinfo, published on Thursday 15 June, Swiss National Bank governing board member Philipp Hildebrand said the recent interest rate increase is unlikely to be the last.
BIS's Knight on long-term interest rates
In the speech 'Why have long-term interest rates been so low? Is the global interest rate cycle beginning to turn?' given on 12 May Malcolm Knight of the BIS discusses the surprising decline in real long-term interest rates that has taken place in…
Monetary policy conduct of the Swiss National Bank
The Bank of Japan Working Paper "Monetary policy conduct of the Swiss National Bank: the experience from 2001 to 2004" published May 2006 investigates the monetary policy conduct of the SNB during the period 2001 to 2004 and the accompanying financial…
SNB's Blattner says rates will rise 'gradually'
Swiss National Bank vice-president Niklaus Blattner said on Friday 5 May that Swiss interest rates would continue to rise "gradually" to ensure longer term price stability.
Exporters should watch Swiss franc says SNB chief
Swiss National Bank president Jean-Pierre Roth said in an interview that Swiss exporters should keep a close eye on the Swiss franc and protect themselves for possible volatility.
SNB's Roth at the AGM
In a speech given on 28 April Jean-Pierre Roth of the Swiss National Bank said the economic recovery currently seen in Switzerland does not represent a threat to price stability.
SNB hikes rates as expected
The Swiss National Bank (SNB) raised interest rates by 25 basis points on Thursday 16 March, saying that the economy is gaining further momentum and is becoming increasingly broad-based.
Monetary policy by committee: Why and how?
In this De Nederlandsche Bank Working Paper, published February 2006, Alan Blinder discusses two questions: Why have so many central banks switched from individual to group decision making, and how?
SNB see profit fall on gold price, US $
The Swiss National Bank (SNB) has reported an annual net profit of 12.8 bln sfr for the full year 2005, compared to 21.6 bln sfr a year earlier due to the sharp rise in both the gold price and the US dollar.
Report says CB gold sales won't meet quota
HSBC analyst Alan Williamson told Dow Jones on Friday 27 January that European central banks are highly unlikely to sell the total 2,500 tons of gold allowed under the current agreement.
Philipp Hildebrand to chair the Deputies of G10
Following a proposal by Giulio Tremonti, Italy's Finance Minister and current Chairman of the Group of Ten, Philipp Hildebrand, a member of the Swiss National Bank's Governing Board, was appointed Chairman of the Deputies of the Group of Ten on Monday 23…
SNB's Roth says price stability not in danger
The chairman of the Swiss National Bank, Jean-Pierre Roth, said on Wednesday 18 January that there are no signs that suggest price stability is in danger in the near term.
Jean-Pierre Roth to chair BIS Board
The Board of Directors of the Bank for International Settlements (BIS) on Monday 9 January elected as its new Chairman Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank.
OECD report says Swiss economy to underperform
The Swiss economy is poised to grow slower than expected this year because of lusterless productivity gains, meaning the Swiss central bank should not raise interest rates until a recovery has been established, the OECD said in a report published Friday…
Switzerland gives ECB a lesson on interest rates
According to this article published on 28 December, it's only four hours on the train from the ECB's Frankfurt headquarters down to Zurich - yet it provides a very different brand of central banking.
BIS's Knight on developing corporate bond markets
In the speech 'Sharing experiences in developing corporate bond markets' given on 17 November Malcolm Knight of the BIS argues that a robust financial system requires a diversity of financing channels, in which banks and fixed income markets compete in…
Knight on central banking: some secrets of success
In the speech 'Central banking: some 'secrets of success'' given on 1 December Malcolm Knight of the BIS said the media, markets and politicians place powerful demands on a modern central bank.