Home movers who want to beat the energy crisis can check out these eco-homes
ZURICH (Reuters) – The Swiss franc is not highly valued despite its nominal rise, Swiss National Bank Chairman Thomas Jordan told a Swiss newspaper, adding the central bank intended to be deliberately vague about how it sees the safe-haven currency.
"In the past, we referred to the Swiss franc as being highly valued or even significantly overvalued in order to give a signal regarding the need for intervention. At the moment, the Swiss franc's valuation is no longer clearly high, and we do not want to comment on every move," he told the Neue Zuercher Zeitung paper in an interview released on Saturday.
His comments come as the SNB focuses on using franc strength to fight inflation after years of currency intervention and negative interest rates to keep a lid on the franc for fear it would cripple the export-dependent economy.
Jordan said he did not see a period of competitive currency appreciation as other central banks adopt the same strategy.
"The yen is at a historic low, the pound sterling has lost significant value and the euro is comparatively weak. I don't see signs of competitive appreciation. The two strong currencies, the U.S. dollar and the Swiss franc, are considered safe havens," he said.
If the franc appreciates so strongly that the monetary policy environment becomes too restrictive, the SNB will continue to intervene, he said. "But we also do not want to exacerbate the inflation problem with an excessively weak franc. We deliberately do not want to be more specific."
Jordan said the SNB's balance sheet was a policy instrument it could use alongside its policy rate to ensure price stability.
"We are not going to reduce our balance sheet simply because of the sheer size, but if it helps us ensure price stability, of course we will," he said.
Winding down the SNB's balance sheet "will probably take considerable time", he said.
"If we were to sell large amounts of foreign currency holdings immediately, this would create too much appreciation pressure. The most favorable time to sell is when we have inflationary pressure, interest rates are clearly positive and the franc is showing a weakening trend."
(Reporting by Michael Shields; Editing by Toby Chopra)
Global Aerogel Market 2022-2026 The analyst has been monitoring the aerogel market and it is poised to grow by $452. 59 mn during 2022-2026, accelerating at a CAGR of 10. 6% during the forecast period.New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Aerogel Market 2022-2026" – https://www.reportlinker.com/p02154617/?utm_source=GNW Our report on the aerogel market provides a holistic analysis, market size and forecast, trends, growth drivers
Abstract: What`s New for 2022? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Endometriosis Drugs Industry" – https://www.reportlinker.com/p06051278/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research PlatformCompliment
Global Refrigerator Market 2022-2026 The analyst has been monitoring the refrigerator market and it is poised to grow by $16. 67 bn during 2022-2026, accelerating at a CAGR of 6. 68% during the forecast period.New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Refrigerator Market 2022-2026" – https://www.reportlinker.com/p04213507/?utm_source=GNW Our report on the refrigerator market provides a holistic analysis, market size and forecast, tre
It guarantees the state pension rises by the previous September's inflation, wage growth or at least 2.5pc
The Prime Minister said she is getting on with the job of delivering for the British people after the humiliating mini-budget U-turn.
Abstract: What`s New for 2022? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Data Warehouse Management Software Industry" – https://www.reportlinker.com/p05818112/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research Pla
The Competition and Markets Authority has reiterated a decision it first made last year.
Abstract: What`s New for 2022? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Truck Bedliners Industry" – https://www.reportlinker.com/p05817962/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research PlatformComplimentary
Global Mycotoxin Binding Agents report emphasizes the detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry, and CAGR in order to provide a comprehensive outlook of the global market.New York, Oct. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Mycotoxin Binding Agents Market Research Report 2021-2032" – https://www.reportlinker.com/p06351278/?utm_source=GNW Additionally, the r
Abstract: What`s New for 2022? Global competitiveness and key competitor percentage market shares. Market presence across multiple geographies – Strong/Active/Niche/Trivial.New York, Oct. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Automotive Powertrain Industry" – https://www.reportlinker.com/p05817928/?utm_source=GNW Online interactive peer-to-peer collaborative bespoke updatesAccess to our digital archives and MarketGlass Research PlatformComplime
The Centrica share price has fallen over the past few months. Our writer considers why — and what it means for his portfolio. The post What’s going on with the Centrica share price? appeared first on The Motley Fool UK.
Pipe insulation is composed of materials or a combination of materials, which adds a protective covering to pipes and reduces the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperatures.New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Pipe Insulation Market by Material Type, Application And Region – Global Forecast to 2027" – https://www.reportlinker.com/p05657909/?utm_source=GNW It prevents the f
Global Heat-Transfer Fluids Market Global Heat-Transfer Fluids Market Dublin, Oct. 19, 2022 (GLOBE NEWSWIRE) — The "Global Heat Transfer Fluids (HTFs) Market by Product Type (Mineral Oils, Synthetic Fluids, Glycol-Based Fluids), End-use (Chemical & Petrochemical, Oil & Gas, Automotive, Renewable Energy, Pharmaceutical), and Region – Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global market for HTFs is estimated to be worth USD 3.7 billion in 2022 and is pro
The most significant factor driving the growth of the industrial metrology market are rising demand for big data analytics, increasing demand for automobiles in emerging economies, surging adoption of hybrid and electric vehicles (EVs), increasing focus on manufacturing superior- and uniform-quality products, and growing demand for quality and inspection equipment in precision manufacturing industry.New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report
German investor sentiment was less pessimistic than expected in October, even as the view of the current economic situation left little room for optimism following a tumble in confidence the month before. The ZEW economic research institute said on Tuesday its economic sentiment index grew slightly in October, to -59.2, from -61.9 in September, beating a forecast by analysts polled by Reuters of a reading of -65.7. Price brakes announced for gas and electricity are helping to stabilise sentiment, said Dekabank analyst Andreas Scheuerle, but the fact that they have yet to take effect explains the deterioration in how the economic situation is assessed.
Spain's Bankinter said on Thursday its third-quarter net profit rose 44% from the same period a year ago thanks to a rise in lending income driven by higher interest rates. The country's fourth-biggest lender by market value reported a net profit of 159 million euros ($155.6 million) in the July to September period compared to 110 million euros in the same quarter of 2021. Analysts polled by Reuters expected a net profit of 148 million euros.
Move is to capitalise on rising consumer demand for premium adult soft drinks in the country
The Home from Home scheme will offer free help to customers of the bank who are private renters.
OCREVUS data will show significant benefit on slowing disease activity and progression in patients with treatment-naive early-stage relapsing-remitting multiple sclerosis (RRMS)Largest pregnancy safety data across anti-CD20 medicines for OCREVUS in multiple sclerosis (MS) Nine-year safety data for OCREVUS reinforces its favourable benefit-risk profileNew research demonstrates impact of misdiagnosis and delay of starting treatment in NMOSD Basel, 19 October 2022 – Roche (SIX: RO, ROG; OTCQX: RHHB
Hartshead Moor East in West Yorkshire is the least popular out of 119 services analysed, according to a Transport Focus survey.