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The Swiss National Bank (SNB) is poised to decide on a potential benchmark interest rate cut next Thursday, with a majority of economists predicting a reduction to 0.25% from 0.50%. While low inflation and modest economic growth support this move, some experts caution that geopolitical uncertainties and unpredictable U.S. policies complicate the outlook. The SNB may also consider foreign exchange interventions as negative interest rates are no longer anticipated.
The Swiss National Bank (SNB) is poised to decide on a potential benchmark interest rate cut, with a majority of economists predicting a reduction to 0.25% from 0.50%. While low inflation and modest economic growth support this move, some experts caution that geopolitical uncertainties and unpredictable U.S. policies complicate the outlook. The SNB may also consider foreign exchange interventions as negative interest rates are no longer anticipated.
Institutional adoption of crypto technology is advancing, with Deutsche Börse set to offer crypto custody for 2,500 banks, allowing them to hold Bitcoin and Ether alongside traditional securities. Meanwhile, UBS and ZKB are enhancing fund transactions using blockchain, despite limited public support for the upcoming digital euro, as citizens prefer existing payment methods.
Raiffeisen has reported a significant profit slump of 13% due to rising costs from expanding its workforce, despite strong financial performance and a growing share of the mortgage market in Switzerland. The cooperative bank is capitalizing on opportunities in the corporate client segment, acquiring thousands of new clients while increasing its employee count to over 12,600. As it aims to strengthen its position amidst the challenges faced by competitors, Raiffeisen's cost/income ratio remains attractive at 56%.
Swiss banks have largely missed the cryptocurrency boom, with many institutions hesitant to embrace Bitcoin and other digital assets. While some cantonal banks and Postfinance offer direct purchases, most banks, including UBS and Pictet, remain skeptical, relegating crypto to indirect investments like ETFs. Despite a significant interest among Swiss investors, particularly the younger demographic, many still prefer to buy cryptocurrencies from foreign platforms.
Swiss banks are largely missing out on the cryptocurrency trend, despite a significant portion of the population investing in Bitcoin and Ethereum. While some cantonal banks and Postfinance offer direct purchases, major institutions like UBS and Pictet remain skeptical, limiting their involvement to ETFs. This cautious approach contrasts with the growing interest among younger investors, who often turn to foreign platforms for their crypto transactions.
Wyden, a Zurich-based digital asset trading company, has raised €15.9 million in a Series B funding round led by Truffle Capital, with participation from PostFinance and others. The funds will be used to expand into new markets and enhance services for banks and brokers, aiming to onboard 20 additional partners by 2025. The company recently launched Wyden Infinity, a cloud-native trading system designed for institutional clients, positioning itself as a leader in digital asset trading infrastructure.
One in nine Swiss residents invest in cryptocurrencies, primarily driven by curiosity rather than financial motives. A study reveals that while Bitcoin and Ether are the most recognized cryptocurrencies, interest is notably higher among younger generations and men, with many investors holding small amounts, indicating experimental investments.
Switzerland's financial regulator, FINMA, will regularly review its oversight of UBS as part of a strategy to enhance banking sector regulations following the Credit Suisse collapse. The regulator aims to strengthen supervision and ensure that systemically important banks can be restructured without threatening financial stability. New proposals for increased powers for FINMA are expected to be announced in 2025, alongside findings from a parliamentary report on the Credit Suisse crisis.
The Swiss Financial Supervisory Authority (FINMA) will enhance its supervision of UBS as part of a broader regulatory overhaul aimed at strengthening the banking sector following the Credit Suisse collapse. FINMA plans to refine its supervisory approach to address the systemic risks posed by UBS and other major banks, with new regulatory proposals expected to be announced in early 2025. Additionally, UBS is required to improve its contingency and recovery plans to ensure financial stability and protect taxpayers.
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swiss national bank faces decision on interest rate cut amid economic uncertainty
Swiss Franc
Euro
United States Dollar
BAK Economics AG
PostFinance AG
DEU
CHE
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12:31 14.03.2025
swiss national bank considers interest rate cut amid low inflation concerns
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financial institutions embrace blockchain while citizens resist digital euro initiative
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one in nine swiss residents invest in cryptocurrencies driven by curiosity
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14:40 13.11.2024
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14:31 13.11.2024
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