The vice president of the Swiss National Bank (SNB), Antoine Martin, is talking at the press conference after the policy meeting, explaining the decision behind the reduction of 25 basic points (PBS) at the 0%interest rate.
Outstanding statements
The relevant conditions for the Swiss financial sector have deteriorated since the last financial stability report.
Commercial tensions have led to a significant increase in financial market volatility.
The interest rate environment in Switzerland has begun to affect the profitability of banks.
The SNB supports the Swiss government measures package for financial crisis prevention and management.
Vulnerabilities in mortgage and national residential real estate markets persist.
Integral and timely adoption is essential to strengthen financial stability in Switzerland.
The Basel III final implementation has not had a visible impact on credit market activity.
In this context, the capital mattresses of the banks remain key.
The volumes in the Swiss credit market have continued to increase, the momentum has recently intensified.
Non -bank financial intermediaries are a potential source of risk for financial stability.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
