100 Jahre Hauptgebäude der SNB in Zürich: Im März 1919 erteilte die Stadt Zürich die Baubewilligung für den Neubau am nördlichen Streifen der Stadthausanlagen beim Bürkliplatz. Das Buch zum Jubiläum ist hier erhältlich (in DE / EN): scheidegger-spiess.ch/index.php?pd=s…

100 Jahre Hauptgebäude der SNB in Zürich: Die Architekten Otto und Werner Pfister haben das Stadtbild von Zürich stark geprägt, u.a. mit dem Peter- und Leuenhof, dem Bahnhof Enge und der kantonalen Verwaltung Walche. Buch hier erhältlich (in DE / EN): scheidegger-spiess.ch/index.php?pd=s…

Monetary policy assessment: The news conference with the Governing Board will start tomorrow at 10:00 am CET and can be followed live here: snb.ch/en/ifor/media/…

Today we are releasing a short commentary on the SNB's decision not distribute any profits this year. The commentary can be found at snb-observatory.ch

Andréa M. Maechler has announced that she will be leaving the Governing Board of the Swiss National Bank in June this year. This raises important questions regarding how her replacement should be chosen. A short comment: snb-observatory.ch/departure-maec…

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Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue reuters.com/markets/europe…

Yvan Lengwiler wird zur Ernennung eines Nachfolgers von Frau Andréa Maechler im Direktorium der SNB interviewt. (Ab Minute 11.52.) srf.ch/play/radio/red…

Central banks typically judge how well they do by looking at the average monthly inflation rate over 12 months. The Fed proposed a longer horizon, say 60 months. Both are arbitrary, so how long should the horizon be? Our comment. nzz.ch/meinung/welche…

We discuss in a new report the Swiss National Bank's Bank Council and argue that it lacks accountability. That is problematic since it makes decisions that are more important than is generally understood. snb-observatory.ch/bc-accountabil…

SNB adjusts remuneration of sight deposits snb.ch/en/publication…

We are today releasing a report in which we ask whether the SNB should continue to pay interest on bank reserves. snb-observatory.ch/en_US/interest…

Our piece in @themarket_ch regarding the report we published earlier today on whether the SNB should pay interest on bank reserves. themarket.ch/meinung/should…

This is the German version of our piece that appeared yesterday in @themarket_ch regarding our report on whether the SNB should pay interest on bank reserves. themarket.ch/meinung/soll-d…

We just released our most recent report on "The SNB at the Crossroads", which can be found at the link below. A key point is that managing monetary policy is not the same thing as managing a central bank. snb-observatory.ch/en_US/crossroa…

We just released a comment in which we discuss five misconceptions regarding the Swiss National Bank. The report can be found here: snb-observatory.ch/en_US/misconce…

Our statement regarding today's appointments to the Governing Board of the Swiss National Bank is available here: snb-observatory.ch

New report on the SNB's exchange rate policy. While it has used FX intervention extensively since 2008, it only acknowledged it as a policy tool in its 2022 review of the monetary framework. snb-observatory.ch/en_US/