SNB has lowered the threshold factor for the remuneration of sight deposits of account holders subject to minimum reserve requirements from 16.5 to 15, as of 1st March.

The Swiss National Bank's decision to lower the threshold factor for the remuneration of sight deposits aims to mitigate the impacts of raising minimum reserve requirements planned for next year.

Newsquawk StaffPublished On the live feed at 5 more headlines followed before this page went public
Newsquawk headlinesUTC

Samsung Electronics (005930 SK) reportedly plans to allocate most of its 1c DRAM production capacity, which will be secured by the first half of 2025, to HBM4.

OPEC+ is likely to maintain its supply pause in March, Bloomberg reports citing delegates; adds that there is no need to respond to the events in Venezuela and Iran but a significant supply disruption would warrant a boost in output

SNB has lowered the threshold factor for the remuneration of sight deposits of account holders subject to minimum reserve requirements from 16.5 to 15, as of 1st March.

China's Commerce Ministry to optimise trade-in program to boost consumption of autos, home appliances, electronics and smart durable goods

Iranian Foreign Ministry Spokesperson says that Iran is stronger and more capable than ever before, and will certainly respond to any aggression with a broad and deterrent response

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • "The lowering of the threshold factor counteracts the increase in thresholds due to the raising of the minimum reserve requirement as of 1 July 2024,2 thereby ensuring that the implementation of monetary policy remains effective and supporting an active money market. The adjustment of the factor has no impact on the current monetary policy stance."
Context

While this adjustment supports effective monetary policy, it signals a commitment to maintaining liquidity in the banking system without altering the current policy stance. Traders should watch for how this influences Swiss franc stability and fixed-income reactions amidst broader market dynamics.

Related headlines

The whole workspace, free to try.

Try it free