RegStream

Press release

Communications

P. O. Box, CH-8022 Zurich Telephone +41 58 631 00 00 [email protected] ch

Zurich, 3 May 2021

Important monetary policy data for the week ending 30 April 2021

Interest rates and threshold factor

In percent

Date

SNB policy rate1 SARON

Close of trading2

Special rate (liquidity-shortage financing facility)3

Interest rate on sight deposits4

Threshold factor

–0. 75 –0. 75 –0. 75 –0. 75 –0. 75

26. 04. 21 27. 04. 21 28. 04. 21 29. 04. 21 30. 04. 21

1 From 3 January 2000 until 13 June 2019, the SNB set a target range for the three-month Swiss franc Libor. From 13 June 2019, the

SNB policy rate is applied. Cf. also the press release on the monetary policy assessment of 13 June 2019.

2 SARON is a reference interest rate for overnight transactions in the secured Swiss franc money market. The benchmark administrator,

SIX, calculates and publishes SARON to six decimal places and is responsible for licensing.

3 The special rate is calculated as the current SNB policy rate plus a surcharge of 50 basis points. The special rate always amounts to

–0. 73 –0. 73 –0. 73 –0. 73 –0. 73

–0. 75 –0. 75 –0. 75 –0. 75 –0. 75

0. 00 0. 00 0. 00 0. 00 0. 00

30 30 30 30 30

at least 0%.

4 Charged only on sight deposit account balances which exceed a certain amount (exemption threshold).

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Press release

Zurich, 3 May 2021

Average of sight deposits in Swiss francs at the SNB for the week ending 30 April 2021

In CHF millions Sight deposits of domestic banks Other deposits on sight in Swiss francs

Total sight deposits in Swiss francs at the SNB

Minimum reserves: sight deposits of domestic banks averaged over the reporting period5

In CHF millions

Previous reporting period Average until

Current reporting period

Sight deposits

Average until

Sight deposits

633,976 67,420

701,396

630,006 23. 04. 21 627,990 30. 04. 21 627,829

629,215

629,620

26. 03. 21 02. 04. 21 09. 04. 21 16. 04. 21

Final figure for period

5 The reporting period lasts from the 20th of a month until the 19th of the following month.

Minimum reserves: compliance during the last 12 reporting periods

In CHF millions

Reporting period

633,172 633,684

Compliance in percent

Interest rate7 in percent

Requirement Eligible assets6

Swiss banknotes and coins

- 19. 04. 20 - 19. 05. 20 - 19. 06. 20 - 19. 07. 20 - 19. 08. 20 - 19. 09. 20 - 19. 10. 20 - 19. 11. 20 - 19. 12. 20 - 19. 01. 21 - 19. 02. 21 - 19. 03. 21

20. 03. 20 20. 04. 20 20. 05. 20 20. 06. 20 20. 07. 20 20. 08. 20 20. 09. 20 20. 10. 20 20. 11. 20 20. 12. 20 20. 01. 21 20. 02. 21

6 Sum of Swiss banknotes and coins as well as sight deposits with the SNB.

7 Interest obligation in the event of non-fulfilment of the minimum reserve requirements.

551,684 591,837 603,980 616,848 634,576 640,911 639,541 645,620 643,827 638,274 646,193 640,021

18,457 18,622 18,880 19,080 19,305 19,481 20,007 20,564 21,017 21,140 21,267 21,368

6,718 6,316 6,388 6,460 6,305 6,205 6,166 5,951 5,996 6,312 5,890 5,751

Sight deposits with the SNB

544,965 585,521 597,592 610,388 628,271 634,706 633,375 639,669 637,831 631,962 640,303 634,270

2,989 3,178 3,199 3,233 3,287 3,290 3,197 3,139 3,063 3,019 3,039 2,995

3. 35 3. 34 3. 34 3. 33 3. 30 3. 29 3. 29 3. 28 3. 28 3. 28 3. 27 3. 27 Page 2/2