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Swiss National Bank (SNB) news

The Swiss National Bank (SNB) is Switzerland's central bank. Its primary mandate is to maintain price stability, taking into account economic developments. The SNB manages monetary policy through interest rate adjustments and foreign exchange interventions, aiming to ensure stability and support the Swiss economy. It also manages Switzerland's gold reserves.

Week Ahead - Into the festive season
US Wall Street will have a busy week of economic data releases and a handful of important earnings.  Investors will pay close attention to Nike’s results after the bell on Tuesday. Nike could provide insight into how strong the Chinese consumer is and provide one of the latest updates for holiday spending.  Other key earnings include General Mills, Carmax, Micron, and FedEx.  Housing economic indicators will be plentiful this week, with weakness expected across building permits, housing starts
16-12-2022 10:22 GMT by Craig Erlam
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Swiss franc reverses slide after SNB hike
SNB raises rates by 50 bp, Swiss franc rises Major central banks were in the spotlight this week, as the Federal Reserve and the European Central Bank raised rates by 50 basis points at their final meeting of the year. These moves overshadowed a 50 bp rate increase by the Swiss National Bank, where rate moves are unusual - this week's rate increase, which brought the benchmark rate to 1.0%, was only the third hike this year.
16-12-2022 05:29 GMT by Kenneth Fisher
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