Switzerland CHF

Switzerland SNB Annual Report

Impact:
Medium
Source: Swiss National Bank

Next Release:

Date:
Period:
What Does It Measure?
The Switzerland Swiss National Bank (SNB) Annual Report measures the overall financial performance and operational activities of the Swiss National Bank for the preceding year. It assesses key areas such as monetary policy implementation, balance sheet developments, and international reserves, providing critical insights into inflation, exchange rate stability, and the overall economic health of Switzerland.
Frequency
The SNB Annual Report is released once a year, typically published in March, containing final figures regarding the bank's performance in the previous year.
Why Do Traders Care?
Traders pay close attention to the SNB Annual Report because it influences market sentiment and expectations regarding Swiss monetary policy, which can impact the Swiss franc (CHF) and Swiss equities. The report's insights into inflation trends, asset management, and economic stability support critical forecasting and investment decisions.
What Is It Derived From?
The SNB Annual Report is derived from comprehensive data collected through the SNB’s financial statements and economic surveys, which include domestic and international economic analyses. This process involves standardized accounting methodologies, extensive statistical evaluation, and the examination of macroeconomic indicators.
Description
The report provides a detailed overview of the SNB’s monetary policy decisions, interest rate developments, currency interventions, and their implications for financial stability. It includes both preliminary insights that highlight initial findings and final conclusions based on comprehensive data analysis, portraying the central bank's major strategies and expected challenges going forward.
Additional Notes
The SNB Annual Report serves as a coincident economic measure, reflecting the current health of Switzerland's economy and financial system. It is closely watched in relation to other international central bank reports and economic indicators, helping to contextualize Switzerland's economic performance against broader global trends.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CHF, Bearish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually good for the CHF but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise