Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
The Swiss Central Bank
Stock Market

Swiss Central Bank has no plans to change the interest rate

02.06.2022
2 min read

Swiss Central Bank concerned about the rapid rise in the value of the franc

The Swiss Central Bank is reviewing its policy, the reason for such changes is the rapid rise in the value of the franc. Against the backdrop of the current situation in the world, the national currency of the country has almost caught up with the euro. In order to strengthen control, the central bank expresses its willingness to support the currency market. At the same time, the regulator’s management notes that negative interest rates will remain unchanged for the time being.
Sanctions imposed by several countries have caused a wave of economic fluctuations that caught up with the Swiss franc. The currency broke a new record, reaching the highest level since 2015. At that time the reason for the rise in price was the abolition of restrictions on the strengthening of the franc against the euro.
Switzerland is not part of the EU but is a key trading partner. Last year, the country exported goods to the EU a total of 108 billion euros. The main products are medical products, a variety of tools, chemicals, watches, and cars.The Swiss Central Bank plans to hold down the francThe Central Bank notes an increase in inflation, primarily the cost of raw materials and food. However, experts promise that in the near future the inflation rate, which is observed in the global market, will stabilize, and then we can expect its decline to the optimal level.
Negative interest rates will continue to operate in Switzerland, representatives of the Central Bank promise that the decision to change should be made consciously and take into account all factors. Negative rates will be canceled when necessary.
The National Bank of the country has a special status, although it is a joint-stock company. Its shareholders are the confederation and the cantons. The bank was founded in 1906 but began full operation in 1907.
The regulator has two main offices in Bern and Zurich.
The central bank is responsible for printing banknotes and the mint is responsible for issuing coins. The regulator has more than 1,040 tons of gold reserves, with 70% of this amount held in the country and the rest in banks in England and Canada.
The Swiss Central Bank forms its balance sheet, taking into account price changes in gold, so its rate has a direct impact on the profit of the bank. For example, in 2013 there was a sharp drop in the value of precious metals. As a result, the regulator refused to pay dividends for the first time in its history.
The central bank regularly increases its foreign currency reserves, and to reduce risks it invests assets in various areas. About 70% of investments are in the government loan sector, 20% go to the purchase of shares, the rest – in other options. An important point for the Swiss central bank is to comply with the rules of passive investment, which is expressed in an increase in the purchase of securities.

Tags: Stock Market
0
Previous Post The government of India implements initiatives to develop the tourism sector Next Post Artificial Intelligence as a new stage in the development of computers

You Might Also Like

Instant noodle maker
Stock Market
Instant noodle maker Monde Nissin is preparing for an IPO
04.12.2021
The Honest Company
Stock Market
The Honest Company plans to go public this year
13.01.2022
Issue of Eurobonds
Stock Market
Gazprom Corporation issued Eurobonds in dollars and euros
27.06.2021
Russian pipe manufacturer
Stock Market
Russian pipe manufacturer plans delisting on the London Stock Exchange
29.03.2021
Russian Market
Stock Market
Investments in UIFs are increasing in the Russian market
04.11.2021
Amazon corporation-2
Stock Market
The Amazon Corporation raised $18.5 billion in the debt market
03.01.2022

Recent Posts

  • 1Laos cryptocurrency exchanges
    Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
    24.06.2022
  • 2Digital luxury
    Digital luxury: perspectives for luxury goods in virtual space
    23.06.2022
  • 3SWIFT considers interaction with digital currencies
    SWIFT plans to interact with digital currencies
    22.06.2022
  • 4The minimum income in Latvia will change
    The government intends to revise the minimum income in Latvia
    21.06.2022
  • 5Domuschiev brothers
    The Domuschiev brothers: the success story of Bulgaria’s first billionaires
    20.06.2022

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Chinese taxi service DiDi Chuxing: a struggle for the market

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

OpenSea NFT platform
OpenSea’s NFT platform hits the $13.3 billion mark
25.06.2022
Laos cryptocurrency exchanges
Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
24.06.2022
Digital luxury
Digital luxury: perspectives for luxury goods in virtual space
23.06.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Chinese taxi service DiDi Chuxing: a struggle for the market
  • Annual report of the Central Bank: state of reserves and forecast for the future
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics