Switzerland
The emergence of principles-based policy
The Swiss National Bank has published a paper reviewing what it describes as the success of its principles-based approach to monetary policy.
Central bank gold sales to approach limit
Members of the central bank gold agreement (essentially the eurozone plus Sweden and Switzerland) have sold 396 tonnes in the first 10 months of the "gold year", as much as the total for the whole of last year.
Swiss chairman criticises US subprime
Jean-Pierre Roth, the chairman of the Swiss National Bank described the US subprime crisis as "unbelievable" and said that reality was "striking back"
Dollar sell-off claims prompt Chinese reaction
A spokesperson for the People's Bank of China has countered reports in the British media that the central bank plans to use its vast dollar reserves as a political weapon against the United States.
Roth refutes hedge fund risk
The highly leveraged institutions (HLI) industry is "no direct threat to financial stability," Jean-Pierre Roth, chairman of the governing board of the Swiss National Bank and chairman of the board of directors of the Bank for International Settlements,…
BIS annual report 2006-07
New board members and nearly a billion dollars in profit were among the highlights of this year's report from Basel.
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 2006
With almost one-third of its assets in gold, 2006 was another strong year for the Swiss National Bank, as the 99th annual report details.
BIS Quarterly Review, June 2007
Published on June 11, the Bank of International Settlements' Quarterly Review features articles on the bond market term premium, statistics on payments, recent episodes of credit card distress in Asia, and liquidity in the Brazilian government bond…
IMF's Article IV consultation with Switzerland
The IMF on 4 June released the staff report and public information notice regarding the conclusion of its Article IV consultation with Switzerland. The Fund projected 2% growth of real GDP in 2007, down from 2.7% in 2006.
The importance of monetary aggregates
This ECB working paper presents a strong argument in favour of using monetary aggregates as an analytical tool for predicting future inflation.
Knight's term of office at BIS extended
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 7 May that it has extended the term of office of the General Manager, Malcolm Knight, to mid-2009.
SNB's Roth with a review of the Swiss economy
In the speech 'Review of the Swiss economy in 2006 and the outlook for 2007' given on 27 April Jean-Pierre Roth of the Swiss National Bank said with the Swiss economy close to full employment, the Swiss National Bank currently operates in a comfortable…
SNB's Roth sees risk from low inflation
Swiss National Bank president Jean-Pierre Roth told the bank's general meeting of shareholders Friday 27 April that the SNB will raise interest rates if necessary but expects inflation to remain moderate.
Switzerland's Roth on fragility of fin. markets
Swiss National Bank president Jean-Pierre Roth said in an interview published Tuesday 24 April he sees a "certain fragility" on financial markets and that investors might underestimate actual risks.
Interview with SNB's Jean-Pierre Roth
In an interview with Bloomberg published Monday 16 April, Swiss National Bank president Jean-Pierre Roth said a fall in the Swiss franc's value against the euro reflects turbulence on financial markets rather than developments in the domestic economy.
Knight on inflation targeting in emerging markets
In the speech 'Inflation targeting in emerging market economies' given on 4 April Malcolm Knight of the BIS said inflation targeting is not of course the only way to build monetary policy credibility.
SNB's Hildebrand on monetary policy
The Swiss National Bank's interest rate policy is still having an expansionary effect in the current economic climate, SNB board member Philipp Hildebrand told Swiss daily Finanz und Wirtschaft on Monday 2 April.
SNB's Jordan says hikes less pressing
The Swiss National Bank (SNB) currently sees further rate hikes as necessary to keep inflation at bay, while indicating the need for action has become smaller, the central bank's directorate member Thomas Jordan said in a speech Thursday 22 March.
SNB hikes interest rates by 25 points
The Swiss National Bank (SNB) raised interest rates by 25 basis points Thursday 15 March, citing the excellent shape of the Swiss economy and a slight upward trend in inflation.
SNB's Jordan hints at further rate hikes ahead
Thomas S Jordan, alternate member of the Swiss National Bank's governing board, suggested Tuesday 27 February in a speech that the SNB will again raise interest rates at its meeting this spring.
SNB's Roth says rates not high enough yet
Swiss National Bank (SNB) chairman Jean-Pierre Roth said in an interview published Wednesday 21 February that Switzerland's current interest rate level is still not high enough to guarantee price stability in the medium-term.
Russia reiterates reserve diversification idea
The Russian central bank remains interested in further diversification of the currency structure of its gold and forex exchange reserves, its first deputy chairman said in a newspaper interview published on Tuesday 21 February.
Central banks tiptoeing away from the dollar
According to this article from The New York Times published Tuesday 2 January, nations with large holdings of dollars are becoming increasingly willing to dump them in favour of the euro.