News list for "Swiss Central Bank"
The governor of the Swiss National Bank has said that further interest rate cuts may be necessary in the coming quarters to maintain price stability.
The SNB said the use of CBDCs, rather than private tokens, to settle and clear financial transactions could eliminate credit risk. In the US, digital bonds issued so far have been settled in private digital tokens, which do not have the same safeguards as central bank-backed currencies.
The Governor of the Swiss Central Bank stated that it is evaluating the provision of Swiss franc central bank currency to financial institutions in a tokenized form, and is also studying how to use wholesale central bank digital francs to settle monetary policy operations, such as conducting repurchases or trading Swiss central bank bills. Pilot projects have shown that banks, infrastructure providers, and the Swiss Central Bank can accommodate the use of wholesale central bank digital francs in...
