On 13 June, the source wrote (citation (pdf)):
The Swiss National Bank is today introducing the SNB policy rate. From now on, it will use this rate in taking and communicating its monetary policy decisions. The SNB policy rate replaces the target range for the three-month Libor used previously, [...]
The reason for introducing the SNB policy rate is that the future of the Libor is not guaranteed. [...] The SNB’s conditional inflation forecast is based on the assumption that a given interest rate remains unchanged over the entire forecast horizon of three years. The three-month Libor has been used for this purpose to date. Given that the current forecast for the first time extends beyond the end of 2021, the introduction of the SNB policy rate ensures that it will be based on the same interest rate over the entire horizon.
In response, we have:
- Archived the predecessor triplet (3 January 2000 to 11 June 2019) by marking their metadata as "discontinued", and by segregating in the catalog.
- Replaced the policy rate.
- Added the four series reported alongside the policy rate.
Active dataset properties:
- Measurement: Percent per annum (% p.a.)
- Adjustment: Not seasonally adjusted (NSA)
- Geo coverage: Country
- Native frequency: Business daily
- Start dates:
- Policy rate from 13 June 2019
- Other four series as early as 3 January 1988
The series reside in the historical catalog (Switzerland » Financial » Interest rates » Central bank policy rates) and are:
- IR%CBPRMUD.ICHE = [DISCONTINUED] Interest Rates: Central Bank - 3-Month Libor Rate for CHF Deposits - Midpoint Target, (Percent, NSA)
- IR%MPUD.ICHE = Interest rates: Central bank - Policy rate, (% p.a., NSA)
Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" that accepts a mnemonic.
References
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