CHF Gov Board Member Schlegel Speaks
SNB Governing Board members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
Governing Board member Aug 2022 - July 2027;
- History
Expected Impact / Date | Description |
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Apr 9, 2024 | Due to deliver a speech titled "Interest rates and foreign exchange interventions: Achieving price stability in challenging times" at the International Center for Monetary and Banking Studies, in Geneva; |
Mar 27, 2024 | Due to deliver a speech titled "Economic situation and monetary policy – where are we?" at the St Gallen Chamber of Commerce and Industry, in Switzerland; |
Feb 23, 2024 | Due to speak about the Payment Methods Survey of Companies in Switzerland 2023, in Zurich; |
Nov 10, 2023 | Due to speak about monetary policy and the real estate market at a conference hosted by IAZA, in Lausanne; |
Nov 9, 2023 | Due to speak at an event hosted by the University of Basel; |
Jun 1, 2023 | Due to speak about the payment methods survey of private individuals in Switzerland, in Zurich; |
Apr 19, 2023 | Due to speak about monetary policy and the Swiss real estate market at an event hosted by the Winterthur Region House Owners' Association, in Switzerland; |
Jan 24, 2023 | Due to speak about current challenges for the SNB at the Swiss Financial Analysts Association, in Zurich; |
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- CHF Gov Board Member Schlegel Speaks News
- From @financialjuice|Apr 9, 2024
post:
SNB'S VICE CHAIRMAN SCHLEGEL: THERE'S NO LIMIT TO THE SIZE OF SNB'S BALANCE SHEET.
- From snb.ch|Apr 9, 2024
Ladies and gentlemen It is a pleasure to be here today at the ICMB in Geneva. Geneva epitomises the Swiss economy: small and open. Geneva is small: it is located in one large economy, Switzerland, and neighboured by another, France. Geneva is also open, and is a hub for over 100 international organisations. In fact, the WTO and the UN are in walking distance from us here at the Maison de la Paix. By comparison with its neighbours, however, Switzerland can also be said to be small. It is surrounded by the European Economic Area, the second-largest economy in the world. As an open economy, Switzerland is heavily dependent on foreign demand. If our trading partners’ economies are booming, so does ours. If there is a slowdown abroad, our economy slows down too. Due to this tight economic integration, the exchange rate plays a crucial role – for the economy, for inflation and for monetary policy. Tonight, I would like to look back at our monetary policy over the past fifteen years, with a particular focus on the exchange rate and foreign exchange interventions. post:
SNB Must Favor Building Up Capital Over Payouts, Schlegel Says: BN post:
SNB'S VICE CHAIRMAN SCHLEGEL: WITHOUT FOREX SALES, THE SNB WOULD HAVE HAD TO RAISE INTEREST RATES HIGHER.
- From @financialjuice|Mar 27, 2024
post:
SNB'S VICE CHAIRMAN SCHLEGEL: LOWER INFLATION PRESSURE ALLOWED US TO LOWER INTEREST RATES. post:
SNB'S CHAIRMAN JORDAN: THE NATIONAL BANK LOOKS AT THE EXCHANGE RATE CLOSELY AND INTERVENES ON FOREX MARKET WHEN NECESSARY. post:
SNB'S CHAIRMAN JORDAN: SNB HAS NO SET GOAL FOR FRANC EXCHANGE RATE. post: SNB CHAIRMAN: BANK HAS REDUCED SIZE OF BALANCE SHEET, WHICH HAS HELPED TACKLE INFLATION
- From bnnbloomberg.ca|Nov 10, 2023
Price dynamics in Switzerland’s residential-property sector are slowing in the wake of higher interest rates but the market remains vulnerable, according to Swiss National Bank Vice President Martin Schlegel. While increased borrowing costs are reining in price growth, they are also pushing up rents as landlords are allowed to pass on part of higher mortgage expenses to tenants. This could lead to a temporary uptick in inflation, Schlegel said Friday in Lausanne. He said the pace of price gains is expected to dip back below 2% — the ...
- From @financialjuice|Nov 10, 2023|1 comment
post:
SNB'S VICE CHAIRMAN SCHLEGEL: INFLATION PRESSURE IS ELEVATED IN SPITE OF SHARP GLOBAL DROP. post:
SNB'S VICE CHAIRMAN SCHLEGEL: TEMPORARY RISE OF INFLATION VIA RENTS IS POSSIBLE.
- From snb.ch|Nov 9, 2023
As part of its contribution to the stability of the financial system, the Swiss National Bank acts as lender of last resort. In this role, it makes emergency liquidity assistance available to banks when, in crisis situations, they need substantial liquid funds which they are no longer able to obtain on the market. The SNB provides this liquidity assistance in the form of secured loans. It accepts a broad range of collateral for this - in particular also illiquid assets. The aim is for banks to be able to obtain as much liquidity as possible from the SNB should the need arise. Until now this liquidity assistance has been prepared with all systemically important banks. It is now being expanded to allow all banks to obtain liquidity assistance against mortgages when needed - provided they prepare their collateral for this. Failure to prepare can severely restrict the volume of liquidity assistance available. It is therefore important going forward that banks prepare enough collateral for transfer. However, even if they prepare well, it is possible that their collateral might not be sufficient to cover their liquidity needs. It is in such extreme situations - when even the SNB's emergency liquidity assistance is not enough - that the proposed public liquidity backstop (PLB) currently being discussed by parliament should post:
SNB'S VICE CHAIRMAN SCHLEGEL: THE SWISS NATIONAL BANK IS PUSHING AHEAD WITH ITS PLAN TO OFFER LIQUIDITY AID TO ALL BANKS IN SWITZERLAND RATHER THAN JUST SYSTEMICALLY RELEVANT LENDERS.
- From @LiveSquawk|Apr 19, 2023
post at 12:22pm: SNB’s Schlegel: Swiss Inflation Is Low In Int’l Comparison ‘But Still Too High’ - Inflation Is ‘Above The Level We Associate With Price Stability’ post at 12:24pm: SNB'S SCHLEGEL: WE CANNOT RULE OUT FURTHER INTEREST RATE HIKES TO BRING INFLATION UNDER CONTROL.
- From @paripassu8|Jan 24, 2023
post at 11:43am: SNB'S SCHLEGEL: WE EXPECT WEAK GROWTH DYNAMIC IN NEXT QUARTERS post at 11:45am: SCHLEGEL: SNB EXPECTS WEAK GROWTH OF 0.5% IN 2023, NO RECESSION post at 11:50am: SCHLEGEL: TOO EARLY TO SOUND ALL CLEAR FOR SWISS #INFLATION post at 11:50am: SWISS NATIONAL BANK VICE CHAIRMAN : CANNOT RULE OUT FURTHER INTEREST RATE RISES AT PRESENT #News #Markets #SWISS #capitalhungry
Released on Apr 9, 2024 |
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Released on Mar 27, 2024 |
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Released on Nov 10, 2023 |
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Released on Nov 9, 2023 |
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Released on Apr 19, 2023 |
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Released on Jan 24, 2023 |
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