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Switzerland

Hildebrand named new SNB vice-president

The Swiss government on Wednesday 8 November named Philipp Hildebrand as the new vice-president of the Swiss National Bank (SNB) as of May next year, replacing Niklaus Blattner, who will retire.

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…

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 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.

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.

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