ZURICH, May 26 (Reuters) - The Swiss National Bank offered one-week funds at 1.90 percent on Monday, the same as on Friday.
For more information, click on <SNBAUCT1> or on <SNBINDEX1>
For historic rates, click on <SNBTRANS1>
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Keywords: SWISS SNB/REPO
............................................................... For news and data, double-click on the codes in brackets. Access to some items may depend on subscription level. .............................................................. > ***SNAPSHOT - WORLD KEY OFFICIAL INTEREST RATES*** [INT/RATE] > FACTBOX-Global interest res [GLOBAL/INT] ............................................................... > BOJ minutes: board agreed global economic risk [nTKU003295] > Highlights-Bank of Japan policy board minutes [nT181356] > EU's Almunia warns against abrupt policy moves [nMDT005225] > UK set for "significant slowdown" -BoE's Sentance [nL2388366] > SNB says ready to bail out banks in case of need [nZAT007740] > POLL-Norway c.bank seen keeping rate steady May 28[nL23777710] > Stalemate at Ukraine cbank remains unresolved [nL23673863] > Poland held rates in April on growth,zloty-minutes[nL23842952] > Hungary government urges c.bank to hold rates [nL23149063] > India cbank alters valuation rules for special bond[nBOM49671] > Russia c.bank sees May capital inflows at $20 bln [nL23523662] > Asia shifts priorities as inflation threatens [nSP258841] ............................................................... > The outlook for Federal Reserve policy [FED/AHEAD] > Reuters coverage of Basel II accord [ID:nL10281706] ............................................................... UPCOMING CENTRAL BANK MEETINGS, EVENTS | Fed June 24/25 | BOJ June 12/13 | | ECB June 5 | BoE June 4/5 | | BOC June 10 | RBA June 3 | | Riksbank* July 2 | RBNZ June 5 | | Swiss Nat Bank June 19 | Norges Bank May 28 | * Announcement July 3 > Major central bank events [CEN/DIARY] > Diary of emerging market central bank events [CEN/EMRG] ................................................................ REUTERS POLLS | US Fed Funds rate [FED/R] | ECB rates [ECB/INT] | | British rates [BOE/INT] | Canadian rates [CA/INT] | | Japanese rates [BOJ/INT] | Chinese rates [CNY/POLL] | | Australian rates [AU/INT] | Swiss rates [SNB/INT] | | Swedish rates [SE/INT] | South African rates [ZA/INT] | | Top poll news [POLL/] ............................................................... LATEST NEWS ON CENTRAL BANKS | Central bank news [CEN] | U.S. Federal Reserve [FED] | | Bank of Japan [BOJ] | European Central Bank [ECB] | | Swiss National Bank [SNB] | Bank of England [BOE] | | All forex news [FRX] | Economic indicators [ECI] | | Central Bank index<CENTRAL1>| Central bank rates<KEYRATES/1> | T ............................................................... CENTRAL BANKERS' COMMENTS | Federal Reserve[FED/QUOTES] | ECB [ECB/QUOTES]| | Bank of England[BOE/QUOTES] | Swiss National Bank[SNB/QUOTES]| | Sweden Riksbank[RIK/QUOTES] | ............................................................... DIARIES | Fed diary [FED/DIARY] | ECB diary [ECB/DIARY] | | Today's FX market[MI/DIARY] | Financial events [KEY/DIARY] | | Diary index [IND/DIARY] | Polling diary [POLL/DIARY] | .............................................................. WEB ADDRESSES Federal Reserve: http://www.federalreserve.gov/ Bank of Japan: http://www.boj.or.jp/en/index.htm European Central Bank: http://www.ecb.int/index.html Bank of England: http://www.bankofengland.co.uk/ Bank of Canada: http://www.bankofcanada.ca/en/ Swiss National Bank: http://www.snb.ch .............................................................. ((David Stamp; London Treasury Desk +44 207 542 7716))
............................................................... For news and data, double-click on the codes in brackets. Access to some items may depend on subscription level. .............................................................. > ***SNAPSHOT - WORLD KEY OFFICIAL INTEREST RATES*** [INT/RATE] > FACTBOX-Global interest res [GLOBAL/INT] ............................................................... > BOJ minutes: board agreed global economic risk [nTKU003295] > Highlights-Bank of Japan policy board minutes [nT181356] > SNB says ready to bail out banks in case of need [nZAT007740] > Russia c.bank sees May capital inflows at $20 bln [nL23523662] > Asia shifts priorities as inflation threatens [nSP258841] > Ukraine cbank head rebukes council on FX rate [nL23673863] > RBNZ rate outlook little changed by tax cuts [nWEL290343] > Singapore sets sights firmly on fighting inflation [nSP184571] > India cbank alters valuation rules for special bond[nBOM49671] > Ukraine cbank unity on FX policy falls apart [nL22295245] ............................................................... > The outlook for Federal Reserve policy [FED/AHEAD] > Reuters coverage of Basel II accord [ID:nL10281706] ............................................................... UPCOMING CENTRAL BANK MEETINGS, EVENTS | Fed June 24/25 | BOJ June 12/13 | | ECB June 5 | BoE June 4/5 | | BOC June 10 | RBA June 3 | | Riksbank* July 2 | RBNZ June 5 | | Swiss Nat Bank June 19 | Norges Bank May 28 | * Announcement July 3 > Major central bank events [CEN/DIARY] > Diary of emerging market central bank events [CEN/EMRG] ................................................................ REUTERS POLLS | US Fed Funds rate [FED/R] | ECB rates [ECB/INT] | | British rates [BOE/INT] | Canadian rates [CA/INT] | | Japanese rates [BOJ/INT] | Chinese rates [CNY/POLL] | | Australian rates [AU/INT] | Swiss rates [SNB/INT] | | Swedish rates [SE/INT] | South African rates [ZA/INT] | | Top poll news [POLL/] ............................................................... LATEST NEWS ON CENTRAL BANKS | Central bank news [CEN] | U.S. Federal Reserve [FED] | | Bank of Japan [BOJ] | European Central Bank [ECB] | | Swiss National Bank [SNB] | Bank of England [BOE] | | All forex news [FRX] | Economic indicators [ECI] | | Central Bank index<CENTRAL1>| Central bank rates<KEYRATES/1> | T ............................................................... CENTRAL BANKERS' COMMENTS | Federal Reserve[FED/QUOTES] | ECB [ECB/QUOTES]| | Bank of England[BOE/QUOTES] | Swiss National Bank[SNB/QUOTES]| | Sweden Riksbank[RIK/QUOTES] | ............................................................... DIARIES | Fed diary [FED/DIARY] | ECB diary [ECB/DIARY] | | Today's FX market[MI/DIARY] | Financial events [KEY/DIARY] | | Diary index [IND/DIARY] | Polling diary [POLL/DIARY] | .............................................................. WEB ADDRESSES Federal Reserve: http://www.federalreserve.gov/ Bank of Japan: http://www.boj.or.jp/en/index.htm European Central Bank: http://www.ecb.int/index.html Bank of England: http://www.bankofengland.co.uk/ Bank of Canada: http://www.bankofcanada.ca/en/ Swiss National Bank: http://www.snb.ch .............................................................. ((David Stamp; London Treasury Desk +44 207 542 7716))
ZURICH, May 23 (Reuters) - Switzerland's central bank on Friday opened the door to radical intervention to support the Swiss financial sector in case of crisis, including taking ailing assets from struggling banks onto its books.
Swiss National Bank chairman Jean-Pierre Roth said the SNB would be prepared to help a struggling bank clean up its books if it threatened the Swiss financial system.
"In exceptional cases and with political approval, they (central banks) may be forced to take excess positions from the private sector onto their books temporarily," he said in the text of a speech to be delivered in Geneva.
The Bank of England and the U.S. Federal Reserve have already acted boldly in recent months to prevent crises in individual banks triggering a meltdown in a financial system already seriously destabilised by the credit crisis.
The Swiss financial sector has been rocked by $37 billion in writedowns at its biggest bank UBS AG <UBSN.VX>, making it Europe's worst subprime victim, and by almost $10 billion in writedowns at rival Credit Suisse <CSGN.VX>.
"With its solid balance sheet, the (Swiss) National Bank is prepared to take on risks if the financial stability of the country is threatened," he said. "In times of crisis, the imperative of preserving financial system stability override that of the profitability of a central bank."
However, Roth said central banks needed to be prudent not to let rescue efforts -- including liquidity injections or special swap agreements -- fuel inflation.
Roth said the SNB backed efforts by the Swiss Federal Banking Commission (EBK) to require banks to increase capitalisation as a buffer against possible further losses.
"We firmly support initiatives that it will take to reinforce the capitalisation of our large banks and to limit their indebtedness," he said.
On Thursday, UBS launched a deeply discounted rights issue worth 16 billion Swiss francs ($15.55 billion) at a third below its latest market price in a bid to lure investors to repair its battered balance sheet. (Reporting by Thomas Atkins; editing by David Christian-Edwards) ((thomas.atkins@reuters.com, Reuters Messaging:
rm://thomas.atkins.reuters.com@reuters.net, Telephone: +41.44.631.7311))
Keywords: SWISS ECONOMY/ROTH
ZURICH, May 23 (Reuters) - The Swiss National Bank offered one-week funds at 1.90 percent on Friday, the same as on Thursday.
For more information, click on <SNBAUCT1> or on <SNBINDEX1>
For historic rates, click on <SNBTRANS1>
((zurich.newsroom@reuters.com; +41 (0)58 306 7336))
Keywords: SWISS SNB/REPO
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