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SNB shares climb as investor seeks ‘boring’ bond proxy

Bloomberg The Swiss National Bank (SNB) gets flak for everything ranging from its investments to the strength of the franc. One group that can’t complain this year: its stockholders. Since January the SNB’s shares have more than doubled in value, touching a peak of 3,825 francs ($3,980) on Sept. 14. With some 48 percent of the central bank’s total stock ...

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Australia’s central bank sees solid jobs growth

Bloomberg Australia’s central bank expects to see solid employment growth ahead as the economy gradually picks up, while noting risks from housing debt outpacing household income. In minutes of this month’s policy meeting, where interest rates were left unchanged, the Reserve Bank of Australia gave no signal policy was set to change any time soon. Employment growth had been broadly ...

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Baht pits Bank of Thailand against government on rate cut

Bloomberg A public rift between Thailand’s central bank and government on interest rates shows just how much of a dilemma the baht has become for the economy. The Finance Ministry is pushing the Bank of Thailand to cut interest rates to stimulate growth, in light of the strength of the currency and low inflation. That’s clashing with the bank’s aims ...

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