Tag Archive: central-banks

Swiss National Bank meet this week, a 100bp rate hike on the table – CHF impact

2022-09-19

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2022-09-19

The SNB policy decision is due on Thursday. Via MUFG Bank:CHF has been the top performing G10 currency so far this month as it has strengthened sharply against both the EUR (+2.2%) and USD (+1.5%). It has regained upward momentum against our equally-weighted basket of other G10 currencies after a period of consolidation at higher levels between July and August.

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Week Ahead Preview: FOMC is the highlight

2022-09-19

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2022-09-19

MON: Japanese Respect for the Aged Day; EZ Construction Prices (Jul), Canadian Producer Prices (Aug), German Producer Prices (Aug). TUE: Chinese LPR, Riksbank Policy Announcement, RBA Minutes (Sep); Japanese CPI (Aug), EZ Current Account (Jul), US Building Permits/Housing Starts (Aug), Canadian CPI (Aug).

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We Didn’t Print Money… Honest We Didn’t And More Baseless ClapTrap from Central Banks

2022-09-10

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2022-09-10

One of the reasons people choose to invest in gold bullion or to buy silver coins is because they are simple and they are finite; basically the opposite of fiat currency. The complexity of fiat-driven markets and infinite possibilities to create money works to the advantage of central banks.

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BOC’s Rogers: We are not where we were in July, but a long way from where we need to be

2022-09-10

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2022-09-10

Bank of Canada's Senior Deputy Gov. Carolyn Rogers: We are not where we were in July, but we are a long way from where we need to be.

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More from SNB’s Jordan: No comment on currency invention. We don’t rule anything out

2022-09-09

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2022-09-09

SNB Chairman Jordan speaks to media during a news conference in Bern
Looks at series of models to gauge Swiss francs value; market has to live with some volatility, no comment on currency intervention.

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SNB’s Jordan: We must ensure price stability over medium-term

2022-09-09

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2022-09-09

SNB's Jordan is on the wires after the ECB hike rates by 75 basis points today: ECB 75 basis point rate hike not fully surprising.

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FX intervention watch – Swiss National Bank edition – too early for the CHF

2022-09-09

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2022-09-09

This via the folks at eFX. Credit Agricole CIB Research argues that it would be premature for the SNB to resume its intervention against CHF strength around current levels.

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When markets forget that Central Banks cannot fix the world with interest rates

2022-09-04

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2022-09-04

It would be easy for those who have decided to buy gold and silver bullion to lose heart over the precious metals, had they seen how prices reacted to Chairman Powell’s comments, last week.

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Swiss National Bank President Jordan warned of persistently higher inflationary pressure

2022-08-30

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2022-08-30

Swiss National Bank President Thomas Jordan spoke at the Federal Reserve’s annual Jackson Hole symposium on Saturday.“Structural factors such as the transition to a greener economy, rising sovereign debt worldwide, the demographic transition and ultimately also the fact that globalization appears to have peaked -- at least temporarily -- could lead to persistently higher inflationary pressure in the coming years”

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Newsquawk Week Ahead – Highlights: US jobs report, ISM; China PMIs; EZ inflation

2022-08-27

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2022-08-27

The US jobs report and ISM data will be key in shaping expectations for the September 21st FOMC meeting. MON: EU Defence Ministers Meeting (1/2), UK Summer Bank Holiday; Australian Retail Sales (Jul), Swedish Trade Balance (Jul).

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Heads up for ECB, SNB, BoK speakers over the weekend

2022-08-26

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2022-08-26

On Saturday at the Jackson Hole symposium there will be speakers from the European Central Bank, Swiss National Bank and Bank of Korea.

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EUR/CHF forecast to 0.93 (Swiss National Bank to hike rates in September and December)

2022-08-23

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2022-08-23

"We expect the SNB to hike by 50bp again in September and December to curtail underlying inflation pressures bringing the policy rate to 0.75%. With the SNB broadly following the ECB, we see relative rates as an inferior driver for the cross," Danske notes.

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Ep 38 – Jp Cortez: Fighting for Sound Money

2022-08-10

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2022-08-10

Jp Cortez of the Sound Money Defense League joins Keith and Ben on the Gold Exchange Podcast to talk about problems with central planning, the morality of sound money, which states are topping the Sound Money Index and why, and what you can do to support grass roots initiatives in the fight for sound money.

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Inflation is now out of the control of central banks

2022-07-01

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2022-07-01

One of the reasons people decide to buy gold bullion or add silver coins to their portfolio is because they cannot be devalued. No one can suddenly decide to print more gold or silver! Sadly, this is exactly what happens with currencies around the world. And the last two decades have been prime examples of this.

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Goldman Sachs “Reverse Currency Wars” thesis, forecast EUR/CHF as low as 0.95

2022-06-23

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2022-06-23

Goldman Sachs discusses CHF outlook and maintains a bullish bias over the medium-term.

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Did Central Banks arrive at their Target Inflation Rate by Mere Fluke?

2022-05-26

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2022-05-26

Have you ever questioned why central banks around the world target CPI inflation at 2%? One might think it would be complicated to explain the lengthy calculations, econometric-based research, and late-night debates that went on in order to come to this figure, but no.

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SNBs Maechler will not hesitate to raise rates if inflation remains outside the target

2022-05-25

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2022-05-25

The SNBs Andrea Maechler in a newspaper article has said:The SNB will not hesitate to increase interest rates if inflation remains outside of the target.

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Central Banks…Why Bother?

2022-05-21

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2022-05-21

Central banks…why bother? Inflation is here and it cannot be contained. US inflation is touching a 40-year high, the UK has hit the 40-year high, and the EU’s has already hit an all-time high.

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SNB’s Jordan: Inflation will temporarily rise above target then fall quickly

2022-05-19

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2022-05-19

We take into account the higher inflation rates abroad when deciding monetary policy. We are ready to intervene in FX when necessary. Negative rates and currency interventions necessary for SNB to meet its mandate.

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Martin Schlegel appointed to SNB

2022-05-04

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2022-05-04

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose.

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