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The Latest Breaking News from Swiss National Bank

Switzerland converted military tunnels in the Alps into gold vaults during World War II, hiding its reserves beneath solid rock as Europe descended into war

Switzerland moved its gold reserves into Alpine vaults before World War II. A military ammunition depot became a secure underground treasury for national assets. This decentralization expanded storage capacity and reduced urban risks during the war. The Alps became an integral part of Switzerland's financial infrastructure and defense. New research…

The Times of India

Swiss Central Bank Cuts Interest Rates To Zero Percent

The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated.

International Business Times

Switzerland central bank chief hails 'boredom' as secret to beating inflation 12 months ago

“It’s better to be called boring or stubborn than for people to say I’m pursuing the wrong monetary policy," Thomas Jordan said.

Fortune

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Should You Follow Big Money Into Virgin Galactic Stock?

Down 98% from all-time highs, Virgin Galactic stock remains a high-risk investment, given its negative profit margins and cash burn rate.

Barchart

SNB Increases Minimum Reserve Requirement For Swiss Banks

Swiss National Bank raises minimum reserve requirement for domestic banks to strengthen financial system stability.

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Swiss National Bank hikes key interest rate in line with Fed

The Swiss National Bank has raised its key interest rate

The Independent UK

Swiss National Bank exits negative rates era with 0.75% hike

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

Reuters

Bank of England says UK in recession as it raises interest rates to 14-year high of 2.25% – business live

UK central bank predicts economy shrank for second quarter in a row, after shops closed and many stayed at home for Queen Elizabeth II’s state funeral

The Guardian - UK

Top central bankers deliver hawkish message at Jackson Hole

The world’s top central bankers delivered a stern and unified message on the need to curb inflation, declaring at Jackson Hole, Wyoming, that it is broad based, here to stay and will require their forceful action.

Tribune News Service

Stock markets plunge again as flurry of interest rate hikes fuels recession fears

Investors wary as other central banks follow US Federal Reserve in raising borrowing costs

The Guardian - AU

Swiss National Bank Could Arrange To Buy Bitcoin, But Chairman Says Not Yet

Swiss National Bank Chairman Thomas Jordan noted that Bitcoin (CRYPTO: BTC) does not currently meet the requirements of its currency reserves, but if the conditions are met, the institution could arrange for its acquisition quickly.

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