Bastian Benrath

The Swiss National Bank must stay ready to either raise or cut interest rates if economic circumstances require it, the International Monetary Fund said.

The Swiss government’s plan to make UBS Group AG hold significantly more capital was praised wholeheartedly by the International Monetary Fund.

The Swiss National Bank sold francs in the first quarter, intervening to stop the currency’s surge when the US and Israel started to attack Iran.

UBS Group AG already has enough capital to meet the proposed new requirements in the Swiss government’s reform, according to the Swiss National Bank.

Die UBS verfügt nach Einschätzung der Schweizerischen Nationalbank derzeit bereits über ausreichend Kapital, um die von der Schweizer Regierung vorgeschlagenen neuen Anforderungen im Rahmen der Reform zu erfüllen.

The Swiss National Bank is set to keep its key interest rate at zero until the end of 2027 before probably starting to raise it, according to people familiar with the thinking inside the central bank.

The Swiss National Bank reported a solid six-month profit, as gains from the global stock-market rally and a weaker franc offset the drop in value of its gold holdings.

UBS Group AG will find out this week the extent to which a key group of lawmakers will back a dilution of the government’s proposals on capital reform.

Swiss lawmakers postponed an interim vote on proposed changes to UBS Group AG’s capital requirements, extending uncertainty over how far they are prepared to dilute the government’s planned overhaul of financial regulation.