|Bid||4,940.00 x 0|
|Ask||4,950.00 x 0|
|Day's Range||4,900.00 - 4,950.00|
|52 Week Range||3,280.00 - 6,260.00|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||0.04|
|Forward Dividend & Yield||15.00 (0.30%)|
|Ex-Dividend Date||Apr 28, 2020|
|1y Target Est||N/A|
The Swiss National Bank will adjust the special rate on its liquidity-shortage financing facility and conduct additional open market repo operations as needed to provide money market liquidity, it said. "As before, the special rate will be calculated as the SNB policy rate plus a surcharge of 50 basis points," the central bank said on Monday.
The Swiss National Bank has joined other major central banks in reducing the frequency of its dollar swap operations from July 1, pointing to falling demand and better dollar funding conditions in its statement on Friday. "In view of the improvements in U.S. dollar funding conditions and the low demand at recent 7-day maturity U.S. dollar liquidity-providing operations, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to reduce the frequency of their 7-day operations from daily to three times per week," the Swiss central bank said in its statement, adding the change would become effective July 1.
The Swiss National Bank needs to keep its expansive monetary policy in place, Chairman Thomas Jordan said on Thursday, pointing to the economic damage caused by the coronavirus pandemic and lowered inflation forecasts. "For the time being, I believe it will be necessary to maintain this expansive monetary policy," Jordan told a press conference after the SNB kept its policy on hold.