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    SNBN   CH0001319265

SCHWEIZERISCHE NATIONALBANK

(SNBN)
  Report
Delayed Swiss Exchange  -  11:31 2022-09-28 am EDT
4920.00 CHF   -0.40%
09/28Schweizerische Nationalbank : Quarterly Bulletin 3/2022
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09/23Schweizerische Nationalbank : Safeguarding the principles of regulatory policy
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09/23Swiss National Bank ready for further steps to combat inflation - Jordan
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Swiss inflation holds steady at 3.4% in July

08/03/2022 | 02:42am EDT
FILE PHOTO: A shopper carries bags after the Swiss government relaxed some of its COVID-19 restrictions, in Zurich

ZURICH (Reuters) - Swiss consumer price inflation held steady at 3.4% in July, slightly less than economists had expected after inflation touched a 29-year high in June.

The reading - still the sixth month in a row that inflation has risen above the Swiss National Bank's 0-2% target range - comes amid expectations that the central bank could soon tighten policy again after hiking its policy rate in June for the first time in 15 years. [CH-ECI]

The index was unchanged versus June as prices for heating oil, clothing and footwear fell, offsetting higher prices for gas and supplementary accommodation.

The market had expected year-on-year inflation of 3.5%, according to a Reuters poll of 11 economists.

Core inflation that strips out volatile items like fuel and food prices fell 0.2% versus June and rose 2.0% year on year.

Ongoing inflationary pressure means further monetary policy tightening will likely be needed, Swiss National Bank Chairman Thomas Jordan has said.

The SNB has signalled it is prepared to see the Swiss franc strengthen as a way to choke off imported inflation, a departure from the campaign it waged for years to rein in the safe-haven currency whose strength hurts the export-reliant economy.

(Reporting by Michael Shields)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.14% 0.63488 Delayed Quote.-3.00%
BRITISH POUND / SWISS FRANC (GBP/CHF) -0.18% 1.05698 Delayed Quote.-13.48%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) -0.06% 0.71702 Delayed Quote.0.28%
CHINESE YUAN RENMINBI / SWISS FRANC (CNY/CHF) 0.44% 0.136156 Delayed Quote.-2.97%
DANISH KRONE / SWISS FRANC (DKK/CHF) -0.06% 12.702 Delayed Quote.-8.07%
EURO / SWISS FRANC (EUR/CHF) -0.06% 0.94851 Delayed Quote.-7.97%
HONGKONG-DOLLAR / SWISS FRANC (HKD/CHF) 0.16% 12.476 Delayed Quote.7.98%
INDIAN RUPEE / SWISS FRANC (INR/CHF) -0.07% 0.011993 Delayed Quote.-0.62%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.30% 0.6781 Delayed Quote.-13.39%
LONDON BRENT OIL -0.08% 88.83 Delayed Quote.7.68%
NEW ZEALAND DOLLAR / SWISS FRANC (NZD/CHF) -0.39% 0.55654 Delayed Quote.-9.95%
RUSSIAN ROUBLE / SWISS FRANC (RUB/CHF) 1.06% 0.017045 Delayed Quote.38.56%
S&P GSCI HEATING OIL INDEX -0.11% 403.6678 Real-time Quote.35.48%
SCHWEIZERISCHE NATIONALBANK -0.40% 4920 Delayed Quote.-5.73%
SINGAPORE-DOLLAR / SWISS FRANC (SGD/CHF) 0.04% 0.6805 Delayed Quote.2.12%
SWEDISH KRONA / SWISS FRANC (SEK/CHF) -0.18% 0.086992 Delayed Quote.-13.27%
US DOLLAR / SWISS FRANC (USD/CHF) 0.16% 0.9794 Delayed Quote.8.78%
WTI 0.04% 81.739 Delayed Quote.4.16%
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Financials
Sales 2021 26 682 M 27 228 M 27 228 M
Net income 2021 26 300 M 26 839 M 26 839 M
Net cash 2021 18 424 M 18 801 M 18 801 M
P/E ratio 2021 0,02x
Yield 2021 0,29%
Capitalization 492 M 502 M 502 M
EV / Sales 2020 -1,03x
EV / Sales 2021 -0,67x
Nbr of Employees 869
Free-Float 76,7%
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Managers and Directors
Thomas Jakob Ulrich Jordan Chairman-Governing Board
Barbara Janom Steiner Chairman-Bank Council
Philippe Landucci Director-Information Technology
Sébastien Kraenzlin Director-Banking Operations
Sabine Wey Assistant Director-Compliance
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