Switzerland SNB Moser Speech

Info

History

Chart

Impact:

Low

Source: Swiss National Bank

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

The SNB Moser Speech typically measures insights into the Swiss National Bank's (SNB) monetary policy considerations and economic outlook. It primarily focuses on inflation expectations, interest rates, and overall economic stability, influencing investor sentiment and market conditions regarding the Swiss Franc and financial markets in Switzerland.

Frequency

The speech is delivered as needed, often in response to prevailing economic conditions, and is typically published on the same day as the event, often without a preliminary or final designation, as it represents immediate statements from SNB officials.

Why Do Traders Care?

Traders closely monitor the SNB Moser Speech due to its potential implications for monetary policy, which can significantly influence the Swiss Franc's value, domestic equities, and bond yields. Insights from the speech may impact market forecasts and decision-making, particularly concerning interest rate direction and inflation concerns.

What Is It Derived From?

The speech is derived from the personal insights and analyses of André Moser, a member of the SNB governing board, and is informed by the institution's economic research, analysis of current economic data, and broader market conditions. The insights reflect the SNB's views on economic indicators like GDP, inflation, and employment conditions.

Description

The SNB Moser Speech serves as a direct communication tool for the SNB to convey its economic perspectives and monetary policy stance. While it doesn't have distinct preliminary and final versions, the immediate reaction to the speech can differ from subsequent assessments after further clarification or analysis by the financial community.

Additional Notes

This speech is generally viewed as a coincident economic measure, reflecting current economic conditions and sentiments. The insights provided can relate to broader economic trends within Switzerland and may also influence expectations for other central bank policies globally.

Bullish or Bearish for Currency and Stocks

Higher than expected insights regarding economic growth or inflation control may be considered bullish for the Swiss Franc, while indicating robust expectations for stocks. Conversely, if the speech suggests a dovish tone, it could be bearish for the Franc and supportive of equities due to market interpretations of easing monetary conditions and lower interest rates.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Apr 10, 2025
Nov 21, 2024
Nov 09, 2023
Nov 17, 2016
Mar 31, 2016