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World Adapts to Fed's Rate Order in 36-Hour Sequence

SNB's Jordan Sees 'Good Reasons' to Avoid Crypto Investments

(Bloomberg) — The Swiss National Bank isn’t inclined to invest its reserves in cryptocurrencies like Bitcoin, President Thomas Jordan said. “We have so far not decided to invest in Bitcoin and for good reasons,” he told the central bank’s annual shareholder meeting on Friday in Bern. “Currency reserves are international means of payment, which need…

SNB's Jordan: New shocks can occur any time

Speaking at SNB's annual shareholder meeting, President Thomas Jordan highlighted the achievement in lowering inflation to below 2%, a milestone that enabled the bank to implement a rate cut last month.

Stronger Inflation Data Fails to Lift Dollar; Yen's Decline Persists

Dollar remains stable in early US session despite release of another set of persistently high inflation figures. The strong rebound in DOW futures suggest that investors are somewhat relieved to see no disastrous surge in inflation rates. Additionally, robust spending growth appears set to continue bolstering the US economy, even as Fed is set to maintain higher interest rates for an for much longer.

Swiss Inflation Unexpectedly Slows, Vindicating SNB Rate Cut

SNB Flouts Global Practice by Promoting Insiders, Economists Say

SNB Research Details Billions Needed to Keep Currency in Check

SNB Study Shows Billions Needed to Keep Swiss Currency in Check

(Bloomberg) — The Swiss National Bank needs to spend roughly 27 billion francs ($30 billion) to keep its currency from appreciating 1.1%, according to a staff paper that offers a rare vignette into what officials may be thinking. Currency purchases by the central bank “are effective and long-lasting,” and have helped Switzerland avoid a large…

Swiss National Bank Has No Target for Franc Exchange Rate, Schlegel Says

(Bloomberg) — The Swiss National Bank has no target for the franc exchange rate, Vice President Martin Schlegel said less than a week after policymakers wrong-footed markets by cutting interest rates to stem the currency’s gains. “The National Bank monitors the exchange rate closely and intervenes in the foreign-exchange market as necessary,” Schlegel said late…

Swiss National Bank Has No Target for Franc Exchange Rate, Schlegel Says

(Bloomberg) -- The Swiss National Bank has no target for the franc exchange rate, Vice President Martin Schlegel said less than a week after policymakers wrong-footed markets by cutting interest rates to stem the currency’s gains.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleUsing Your Premium Credit Card May Cost