(eToro Blog) Yesterday, it was reported that Philipp Hildebrand, the Chairman of the Swiss National Bank, voluntarily resigned his position following allegations that his wife had engaged in a transaction which netted her a significant profit upon the SNB’s pegging of the Swiss Franc to the Euro. The former Chairman said that because he could [...]
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Central Banks Coordinate Effort to Meet Global Liquidity Needs
(eToro Blog) Earlier, a coordinated effort by the world’s central banks was announced geared towards capacity enhancement in order to offer global markets additional liquidity support. The participants include the U.S. Federal Reserve, the Bank of England, the European Central Bank, the Bank of Canada and the Swiss National Bank. The purpose of their collective [...]
Swiss Jobs Rate, Inflation Improving Even as SNB Talks of Resetting Peg
(eToro Blog) There was a bit of good, or at least unexpected, news coming out Switzerland this morning with the separate reports that the country’s unemployment rate rose less than forecast and inflation declined. According to the Swiss State Secretariat for Economic Affairs, the unemployment rate for the month of October rose to an enviable [...]
