Switzerland

SNB's Roth at the AGM

In a speech given on 28 April Jean-Pierre Roth of the Swiss National Bank said the economic recovery currently seen in Switzerland does not represent a threat to price stability.

SNB hikes rates as expected

The Swiss National Bank (SNB) raised interest rates by 25 basis points on Thursday 16 March, saying that the economy is gaining further momentum and is becoming increasingly broad-based.

SNB see profit fall on gold price, US $

The Swiss National Bank (SNB) has reported an annual net profit of 12.8 bln sfr for the full year 2005, compared to 21.6 bln sfr a year earlier due to the sharp rise in both the gold price and the US dollar.

Report says CB gold sales won't meet quota

HSBC analyst Alan Williamson told Dow Jones on Friday 27 January that European central banks are highly unlikely to sell the total 2,500 tons of gold allowed under the current agreement.

Philipp Hildebrand to chair the Deputies of G10

Following a proposal by Giulio Tremonti, Italy's Finance Minister and current Chairman of the Group of Ten, Philipp Hildebrand, a member of the Swiss National Bank's Governing Board, was appointed Chairman of the Deputies of the Group of Ten on Monday 23…

Jean-Pierre Roth to chair BIS Board

The Board of Directors of the Bank for International Settlements (BIS) on Monday 9 January elected as its new Chairman Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank.

OECD report says Swiss economy to underperform

The Swiss economy is poised to grow slower than expected this year because of lusterless productivity gains, meaning the Swiss central bank should not raise interest rates until a recovery has been established, the OECD said in a report published Friday…

BIS's Knight on developing corporate bond markets

In the speech 'Sharing experiences in developing corporate bond markets' given on 17 November Malcolm Knight of the BIS argues that a robust financial system requires a diversity of financing channels, in which banks and fixed income markets compete in…

SNB maintains policy of 'correcting' rates

Switzerland's central bank will stick to its goal of "correcting" the country's main interest rate to keep inflation from accelerating, Swiss National Bank President Jean-Pierre Roth said Wednesday 2 November.

BIS's Knight on global banking - paradigm shift

In the speech 'Global banking - paradigm shift' given on 5 October Malcolm Knight of the BIS said the three-pronged approach of Basel-II implementation represents a much more comprehensive method in the present-day complex banking situation.

BIS's Knight on the year 2004-05 in review

In the speech 'Activities of the Bank: the year 2004-05 in review' given on 27 June, Malcolm Knight of the BIS said the legacy of 75 years of central bank cooperation is remarkably strong.

SNB's Roth on Switzerland: Small, but global

In the speech 'Switzerland: Small, but global' given on 10 June, Jean-Pierre Roth of the SNB said many fail to appreciate that this alpine republic is not merely a quaint little country for tourists, but a platform for global activity.

SNB's Hildebrand on financial markets

In the speech 'Do financial markets promote responsible behaviour?' given on 21 May, Philipp Hildebrand of the Swiss National Bank said there are times in history when the world economy undergoes fundamental structural change. With the rapid integration…

SNB's Roth at the AGM of shareholders

In a speech given on 29 April, Jean-Pierre Roth of the Swiss National Bank said 2004 was a relatively favourable year for the Swiss economy, but a few clouds have recently appeared on the horizon.

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