Central Bank

SNB: Q1 loss of CHF 6.8 bn

The Swiss National Bank reported a first-quarter loss of 6.8 billion Swiss francs ($6.92 billion) on Thursday, highlighting the volatility its massive balance sheet creates for the central bank’s earnings. […]

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How the current stance of the Bank of Canada could be determined, following the recent interest rate hike?

The recent run of Canadian strong economic figures was hard to ignore, as the Bank of Canada’s policy decisions are also a data-dependent, especially with the economy outperforming the Bank’s base case since October 2017.

The BoC raised rates to 1.25% from 1.00% last week, as solid employment growth and more solid inflation dampened the pressure of NAFTA unclarities.

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Switzerland aims for the Crypto Nation

Johann Schneider-Ammann, Switzerland’s economics minister, has said that the landlocked country should strive to "become the crypto-nation" if experiences in the Canton of Zug, colloquially known as Crypto Valley, remain positive. He made the comment in an interview with the news outlet SRF, as well as in a speech to the Crypto Finance Conference in St. Moritz, where he spoke after receiving a so-called "crypto award."

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