The data, released by the Federal Statistical Office (FSO), offers a nuanced signal for the broader economic landscape and the Swiss National Bank’s (SNB) ongoing efforts to manage inflationary pressures.
Hans Meyer, the former chairman of the governing board of the Swiss National Bank (SNB), has died ... The obituary said Meyer devoted his entire professional life to the SNB ... of the SNB from 1996 to 2000.
) News Why investors want to know how the SNB makes its deci-sions ... "Central Bank leaves SNB key interest rate unchanged at 0%" ... They receive the SNB interest rate on these funds.
The decline comes amid growing market bets that the SNB may cut interest rates further to support the Swiss economy, which has shown signs of slowing ... A weaker-than-expected reading could reinforce the case for SNB easing and push the franc lower.
SNB Chart ... The net incurrence on the liabilities side was mainly due to non-residents increasing their deposits at commercial banks and the SNB (other investment) ... SNB Chart ... on the SNB's data portal.
SNB adjusts remuneration of sight deposits ...Sight deposits up to the threshold are remunerated at the SNB policy rate, while sight deposits above the threshold are remunerated at the SNB policy rate minus a discount.