MNI POLICY: BOE Split Over Measures Of Inflation Persistence

MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1058 Thurs; -4.80% Y/Y

CBI Reported Retail Sales At Cycle Lows

MNI: UK CBI APR DIST TRADE REPORTED SALES -44

France Manufacturing Sentiment Reverses Year-To-Date Gains

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: SNB Reactivates CCyB As Mortgage Risks Increased

(MNI) LONDON
(MNI) London

The Swiss National Bank is reactivating the sectoral countercyclical capital buffer (CCyB), it said Wednesday, setting it at 2.5% of risk-weighted exposures secured by residential property in Switzerland. The SNB sees a compliance deadline of Sept 30 on the increased CCyB requirements following the Federal Council's acceptance of the proposal.

The SNB sees many of the reasons for the March 2020 lifting of restrictions as no longer present, with pandemic risk significantly reduced. However, the vulnerabilities on the mortgage and residential real estate markets have increased since the CCyB was deactivated. Both the volume of mortgage lending and prices for residential property have risen more strongly than can be explained by fundamental factors such as rents and income.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
SNBCentral Bank NewsPolicy NewsSwitzerlandSwiss National Bank Market NewsCEEMEABriefStoryRegion
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
SNBCentral Bank NewsPolicy NewsSwitzerlandSwiss National Bank Market NewsCEEMEABriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.