Switzerland CHF

Switzerland SNB Press Conference

Impact:
High
Source: Swiss National Bank

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
The Swiss National Bank (SNB) Press Conference measures the central bank's perspective on the Swiss economy and monetary policy. It primarily assesses economic conditions, inflation expectations, and interest rate guidance, influencing market perceptions and expectations for the Swiss franc and broader economic outlook.
Frequency
The SNB Press Conference occurs quarterly, typically scheduled for the Thursday following the quarterly monetary policy assessment, and it is regarded as a key communication tool for conveying immediate decisions to market participants.
Why Do Traders Care?
Traders closely monitor the SNB Press Conference as it provides insights into future monetary policy direction and economic conditions in Switzerland. Statements made during the conference can significantly impact the Swiss franc, Swiss stocks, and global market sentiment, as they reflect the central bank's stance on inflation and interest rates.
What Is It Derived From?
The content of the SNB Press Conference is derived from in-depth economic analyses, forecasts, and assessments conducted by the SNB economists. The bank reviews various economic indicators, such as GDP growth, inflation rates, and employment figures, to formulate its monetary policy and relay updates coherently to the public and financial markets.
Description
The SNB Press Conference serves as a platform for the bank to outline monetary policy decisions, comment on current economic conditions, and provide outlooks. While the conference does not release direct quantitative data, the qualitative insights, forward guidance, and tone of the discussions are pivotal for understanding the SNB's stance on future interest rates and economic health.
Additional Notes
As a coincident indicator, the insights provided during the SNB Press Conference often align with broader economic trends, and its outcomes can influence related indicators like inflation rates and economic growth forecasts in Switzerland. Comparisons to similar events elsewhere, such as press conferences from other major central banks, provide context on relative monetary policy stances globally.
Bullish or Bearish for Currency and Stocks
Depending on the tone and content of the conference, if the SNB takes a more hawkish stance indicating tighter monetary policy, it may be higher than expected: Bullish for the CHF, Bearish for Swiss stocks; conversely, a dovish tone suggesting a more accommodative approach may signal lower than expected: Bearish for the CHF, Bullish for Swiss stocks.

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
Oct 30, 2024
 
  
Dec 15, 2022
 
  
Jun 16, 2022
 
  
Dec 16, 2021
 
  
Jun 17, 2021
 
  
Dec 17, 2020
 
  
Jun 18, 2020
 
  
Dec 12, 2019
 
  
Jun 13, 2019