Raising interest rates by the SNB – what’s the plan? How will it influence the Euro Franc exchange rate?11 February 2019
Negative interest rates are being kept by the Swiss Central Bank even though the crisis is over. Many economists and market analysts believe it is high time to decide on hike of interest rates, as the current SNB monetary policy is becoming questionable. However, taking this step comes with some risks.
„Flash crash” of Swiss Franc due to Japanese holiday11 February 2019
On Monday 11th February in the early hours, at the start of Asian trade, the exchange rate of Swiss Franc experienced what is called by analysts a “flash crash”. The rate of CHF against USD skipped and then rebounded, changing in total by one percent in just a matter of minutes.
How Swiss stock exchange trading in 2018 affected banks’ revenues02 February 2019
The Swiss stock exchange trading volume was higher in 2018 comparing to 2017. Many segments enjoyed a bit better year, expect for ETFs. However, turbulent stock markets over the course of the whole year vastly affected the private banking sector’s revenues and assets under management figures.
Tech startups had a record year in raising funds01 February 2019
A newly published report on technology – fintech, biotech, IT and others – startups in Switzerland showed that last year was record one for them in terms of received funding. Overall, they received in funding much more money than in previous year.
ECB keeps policy unchanged; the Euro Swiss Franc rate is down25 January 2019
The European Central Bank announced on Thursday 24th that it kept its policy unchanged in a move that was considered dovish by experts. A rate hike is still probable later this year, even though the eurozone economy is experiencing a slowdown. The Euro exchange rate fell down upon the news as the US Dollar gained.