SZ SNB Chairman Schlegel Speaks
As head of the central bank, which controls short term interest rates, he has the most influence over monetary policy. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future policy;
SNB Chairman from Oct 2024 - July 2027. Volatility is sometimes experienced during his speeches as traders attempt to decipher interest rate clues;
- History
Expected Impact / Date | Description |
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Jan 27, 2025 | Due to speak in an interview conducted by Swiss TV; |
Nov 30, 2024 | Due to speak at the townhall event Euro20+, in Frankfurt; |
Nov 22, 2024 | Due to deliver a speech titled "Managing Inflation in a Small Open Economy with a Safe Currency" at the SNB and its watchers conference, in Zurich. Audience questions expected; |
Oct 30, 2024 | Due to speak at a news conference hosted by the SNB, in Bern; |
Oct 29, 2024 | Due to speak about the economic outlook and monetary policy at an event hosted by Raiffeisen Bank International, in Germany; |
Oct 1, 2024 | Due to speak in Bellinzona; |
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- SZ SNB Chairman Schlegel Speaks News
- From money.usnews.com|Nov 30, 2024|1 comment
The current weakness in German industry is sapping demand in Switzerland's manufacturing sector, Swiss National Bank Chairman Martin Schlegel said on Saturday. "When Germany has a cold, Switzerland gets the flu," he said, noting that there was significantly less demand among Swiss manufacturers owing to the downturn in Germany, Switzerland's top overall trade partner. Schlegel was speaking at an event in Frankfurt organized by Germany's Bundesbank less than two weeks before the Swiss central bank is due to make its next interest rate ...
- From bnnbloomberg.ca|Nov 22, 2024
The Swiss National Bank’s equity is at the moment considerably too low for the risks its large balance sheet poses, according to President Martin Schlegel. Extending the central bank’s capital base must therefore be prioritized over distributing profits to Switzerland’s government and cantons, Schlegel told an audience of economists on Friday in Zurich. His remarks could indicate that the SNB might not make a payout to state coffers for this year, even though it recorded a solid profit in the first nine months. Although distributions ...
- From snb.ch|Nov 22, 2024
As a small open economy with a safe-haven currency, Switzerland is strongly influenced by global economic fluctuations. Because of the safe-haven nature of the Swiss franc, the impact of declines in global demand on the Swiss economy tends to be reinforced by an appreciating currency. As a result, global economic downturns have repeatedly been followed by significant decreases in inflation. Given the strong influence of developments abroad on Swiss inflation, the SNB needs a monetary policy framework that allows for some flexibility in terms of accepted inflation rates. Accordingly, the SNB defines price stability as any inflation rate between 0% and 2%, and seeks to keep inflation within this range over the medium term. This has allowed the SNB to respond flexibly to shocks and continuously weigh up the costs and benefits of its monetary policy measures. While there have been episodes when inflation was temporarily outside the price stability range, it has always returned relatively quickly to values within that range. post: SNB CHAIRMAN: RECOGNISES SAFE HAVEN NATURE OF SWISS FRANC; DECLINES IN GLOBAL ECONOMY HIT SWITZERLAND HARDER DUE TO CURRENCY'S APPRECIATION post:
SWISS NATIONAL BANK CHAIRMAN: **SWITZERLAND NEEDS FLEXIBLE INFLATION TARGET, AS IT CURRENTLY HAS **INFLATION TARGET HAS ALLOWED CENTRAL BANK TO RESPOND FLEXIBLY TO SHOCKS **CENTRAL BANK'S MAIN TOOLS ARE POLICY INTEREST RATE, FOREX INTERVENTIONS **RECOGNISES SAFE HAVEN…
- From @PiQSuite|Oct 29, 2024
post:
SWISS NATIONAL BANK CHAIRMAN: SNB REMAINS WILLING TO BE ACTIVE IN FOREIGN CURRENCY MARKETS AS NECESSARY post: SNB’s Schlegel: Further Rate Cuts Could Be Necessary In Coming Quarters To Maintain Price Stability
- From @cablefxmacro|Oct 1, 2024
post: <CHF=>:
*SNB'S SCHLEGEL: SWISS INFLATION ONLY DRIVEN BY SERVICES post: <CHF=>:
*SCHLEGEL: STRONG CHF PROTECTED SWISS FROM IMPORTED INFLATION post:
*SCHLEGEL: REAL FX RATE RELEVANT GAUGE FOR SWISS COMPETITIVENESS post: SNB'S VICE CHAIRMAN SCHLEGEL: I EXPECT SWISS GROWTH TO BE SUBDUED IN COMING QUARTERS. post: <CHF=>:
*SCHLEGEL: WILL EASE OUR MONETARY POLICY IF NECESSARY
*SCHLEGEL: DOWNWARD RISKS TO INFLATION BIGGER THAN UPWARD RISKS
Released on Nov 30, 2024 |
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Released on Nov 22, 2024 |
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Released on Oct 29, 2024 |
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Released on Oct 1, 2024 |
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