Swiss National Bank
SNB
Paper
Centuries-old monetary debates shape crypto and CBDC architectures
A Swiss National Bank working paper maps digital tokens, including cryptocurrencies, CBDCs, and stablecoins, onto three historical monetary controversies.
Focus
SNB
Press
Ulrich Bindseil named director of Gerzensee Study Center
Ulrich Bindseil will become director of the SNB's Study Center Gerzensee on January 1, 2027.
SNB
Press
New TBTF rules mandate collateral prep for bank liquidity access
The Swiss Federal Council proposed measures to strengthen too-big-to-fail regulations following the Credit Suisse crisis.
Latest
SNB
Press
First-half profit reaches 25.2 billion francs on equity gains
The Swiss National Bank reported a profit of 25.2 billion francs for the first half of 2026, driven by strong gains on foreign currency positions.
SNB
Paper
CIP violations shape dynamic cross-currency basis curve
A new SNB working paper investigates how U.S. dollar funding demand and dealer balance-sheet constraints induce persistent covered interest parity (CIP) deviations.
SNB
Paper
Information frictions cause variable monetary policy lags
A new SNB working paper by Diego M. Hager and Samuel Reynard presents a microfounded information mechanism.
More Topics
SNB
Paper
SNB develops economy-wide capacity utilization for Swiss data
A new Swiss National Bank working paper introduces a methodology to estimate an economy-wide capacity utilisation rate for Switzerland.
SNB
Press
Swiss current account surplus falls to CHF 16 billion in Q1
Switzerland's current account surplus decreased to CHF 16 billion in the first quarter of 2026, down CHF 11 billion from the previous year.
SNB
Paper
Fed speech data reveals communication complexity paradox
A new working paper, analyzing over 10,000 Federal Reserve speeches from 1914 to 2024, reveals key trends in central bank communication.
SNB
Press
Factor for sight deposits reduced to 13.5
The Swiss National Bank will reduce the factor for the limit on interest-bearing sight deposits from 15 to 13.5, effective August 1, 2026.
SNB
Press
SNB keeps policy rate at 0 percent
The Swiss National Bank (SNB) has kept its policy rate unchanged at 0 percent.
SNB
Paper
Dollar's vehicle role amplifies volatility, study finds
A Swiss National Bank working paper finds that the US dollar's role as a vehicle currency amplifies its own volatility.