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Required: These cookies (e. g. for storing your IP address) cannot be rejected as they are necessary to ensure the operation of the website. These data are not evaluated further. Analytics: If you consent to this category, data such as IP address, location, device information, browser version and site visitor behaviour will be collected. These data are evaluated for the SNB's internal purposes and are kept for two years. Third-party: If you consent to this category, third-party services ...

Interview with Luis de Guindos, Vice-President of the ECB, conducted by Gonçalo Almeida on 13 September20 September 2024 Two years ago when the ECB started raising interest rates, you told Expresso that you didn’t know how high they could go. Did you at any point think they would reach the level they have? Talking about the past is always much easier than talking about the future. Two years ago inflation was very high. We have to remember that it was in the region of 10%. At its peak, we had to ...

Federal Council initiates consultation on amending Financial Market Supervision Act and other legislation concerning international cooperation The Federal Council Bern, 20. 09. 2024 - During its meeting on 20 September 2024, the Federal Council decided to initiate a consultation on amending the Financial Market Supervision Act and other pieces of le...

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of Singapore Limited relating to a fraudulent App, which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website. The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal inf...

The Hong Kong Monetary Authority (HKMA) announced today (20 September) the composite interest rate at the end of August 2024. 1 The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 6 basis points to 2. 52% at the end of August 2024, from 2. 58% at the end of July 2024 (see Chart 1 in the Annex). The decrease in composite interest rate mainly reflected the decreases in the weighted funding cost for deposits and interbank funds during the mon...

The Hong Kong Monetary Authority (HKMA) published today (20 September) statistics of payment cards issued in Hong Kong for the second quarter of 2024. The payment card statistics (see Annex) include quarterly data on credit and debit cards issued in Hong Kong under the credit and/or debit card schemes of the eight payment card scheme operators (Note 1). The HKMA began to publish the payment card statistics on a quarterly basis in June 2010 to enhance transparency of the payment card in...