Swiss National Bank
September Timing of a First Swiss Rate Hike Much More Probable Than June
March 11, 2010
The Swiss National Bank retained a 0.25% target on three-month Libor within a 0.0-0.75% corridor. Last September, officials served notice that the present expansionary stance cannot be maintained for the entire forecast horizon without compromising medium- and long-term price stability, and quantitative easing was ended last December. Today’s new quarterly SNB Monetary Policy Assessment does [...] More
Swiss Monetary Policy Preview
March 9, 2010
The Swiss National Bank holds fewer interest rate policy meetings than most central banks, just one per quarter when it also issues a fresh assessment with a projected inflation path going out 11 quarters. The March review will be unveiled on Thursday. The last rate cut occurred a year ago, when the Libor target corridor [...] More
Weekly Foreign Exchange Insights: Shifting Themes as Yearend Beckons
December 18, 2009
The dollar experienced a third straight well-bid week, shrugging off a seasonal tendency in many previous years to swoon in late December. The U.S. currency had weakened during the bulk of 2009, posting peak-to-trough declines of 20.7% against sterling, 17.7% against the euro and 17.1% relative to the Swiss franc. The depreciation had been characterized [...] More
