{"id":3120,"date":"2022-02-21T14:40:35","date_gmt":"2022-02-21T13:40:35","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=3120"},"modified":"2022-02-21T14:40:35","modified_gmt":"2022-02-21T13:40:35","slug":"svycarska-narodni-banka-snb","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/svycarska-narodni-banka-snb\/","title":{"rendered":"\u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka (SNB)"},"content":{"rendered":"

\u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka (SNB)<\/strong> byla zalo\u017eena v roce 1907 jako nez\u00e1visl\u00e1 centr\u00e1ln\u00ed banka \u0160v\u00fdcarska. \u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka usiluje o udr\u017een\u00ed cenov\u00e9 stability a z\u00e1rove\u0148 zohled\u0148uje hospod\u00e1\u0159sk\u00fd v\u00fdvoj. Stejn\u011b jako ostatn\u00ed zem\u011b si SNB cen\u00ed cenov\u00e9 stability pro dlouhodob\u00fd r\u016fst a prosperitu. SNB ztoto\u017e\u0148uje cenovou stabilitu s maxim\u00e1ln\u011b 2% n\u00e1r\u016fstem n\u00e1rodn\u00edho indexu spot\u0159ebitelsk\u00fdch cen.<\/p>\n

\u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka pe\u010dliv\u011b sleduje sm\u011bnn\u00e9 kurzy, proto\u017ee nadm\u011brn\u011b siln\u00fd \u0161v\u00fdcarsk\u00fd frank zp\u016fsobuje inflaci. To plat\u00ed zejm\u00e9na v prost\u0159ed\u00ed glob\u00e1ln\u00ed averze k riziku, kdy maj\u00ed kapit\u00e1lov\u00e9 toky do \u0160v\u00fdcarska tendenci se zvy\u0161ovat. V d\u016fsledku toho SNB obvykle up\u0159ednost\u0148uje slab\u00fd frank a nev\u00e1h\u00e1 na trhu intervenovat.<\/p>\n

M\u011bnov\u00e1 politika<\/h2>\n

\u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka prov\u00e1d\u00ed operace na voln\u00e9m trhu<\/strong> s c\u00edlem ovlivnit m\u011bnovou politiku. Repo (repo) transakce jsou nejd\u016fle\u017eit\u011bj\u0161\u00edm n\u00e1strojem otev\u0159en\u00e9ho trhu pou\u017e\u00edvan\u00fdm SNB. U tohoto typu repo operace finan\u010dn\u00ed instituce prod\u00e1v\u00e1 cenn\u00e9 pap\u00edry SNB a souhlas\u00ed s pozd\u011bj\u0161\u00edm odkupem stejn\u00e9ho druhu a mno\u017estv\u00ed od SNB. Banka plat\u00ed \u00faroky po dobu trv\u00e1n\u00ed smlouvy.<\/p>\n

Pokud u cenn\u00fdch pap\u00edr\u016f dojde ke kol\u00eds\u00e1n\u00ed ceny, mus\u00ed banka nebo SNB dodat dal\u0161\u00ed cenn\u00e9 pap\u00edry nebo hotovost. Repo podm\u00ednky se pohybuj\u00ed od jednoho dne do n\u011bkolika m\u011bs\u00edc\u016f. Mezi dal\u0161\u00ed n\u00e1stroje otev\u0159en\u00e9ho trhu pat\u0159\u00ed devizov\u00e9 swapy a z\u00e1lohy na cenn\u00e9 pap\u00edry, jinak zn\u00e1m\u00e9 jako lombardn\u00ed p\u016fj\u010dky (b\u011b\u017en\u00fd evropsk\u00fd term\u00edn pro p\u016fj\u010dov\u00e1n\u00ed cenn\u00fdch pap\u00edr\u016f).<\/p>\n

Hl\u00e1\u0161en\u00ed \u0160v\u00fdcarsk\u00e9 n\u00e1rodn\u00ed banky<\/strong><\/h3>\n

\u010ctvrtletn\u00ed bulletin SNB obsahuje zpr\u00e1vu o m\u011bnov\u00e9 politice pro \u010dtvrtletn\u00ed hodnocen\u00ed Rady guvern\u00e9r\u016f. Zpr\u00e1va se zab\u00fdv\u00e1 m\u011bnov\u011b-politick\u00fdmi rozhodnut\u00edmi a obsahuje progn\u00f3zu inflace na p\u0159\u00ed\u0161t\u00ed t\u0159i roky. Ve v\u00fdro\u010dn\u00ed zpr\u00e1v\u011b o finan\u010dn\u00ed stabilit\u011b, kter\u00e1 je zve\u0159ej\u0148ov\u00e1na v \u010dervnu, SNB p\u0159edkl\u00e1d\u00e1 sv\u00e9 hodnocen\u00ed stability \u0161v\u00fdcarsk\u00e9ho bankovn\u00edho sektoru a infrastruktury finan\u010dn\u00edho trhu a upozor\u0148uje na pozorovateln\u00e9 trendy v bankovn\u00edm syst\u00e9mu, na finan\u010dn\u00edch trz\u00edch a v makroekonomick\u00e9m prost\u0159ed\u00ed. Hlavn\u00edm c\u00edlem zpr\u00e1vy je upozornit na slabiny nebo nerovnov\u00e1hy, kter\u00e9 by mohly ohrozit stabilitu syst\u00e9mu.<\/p>\n

Monet\u00e1rn\u00ed politika<\/h2>\n

Za \u00fa\u010delem prov\u00e1d\u011bn\u00ed m\u011bnov\u00e9 politiky SNB stanov\u00ed c\u00edlov\u00e9 rozp\u011bt\u00ed \u00farokov\u00fdch sazeb pro sazbu London Interbank Offered Rate (Libor) pro t\u0159\u00edm\u011bs\u00ed\u010dn\u00ed vklady ve \u0161v\u00fdcarsk\u00fdch franc\u00edch (CHF). SNB prost\u0159ednictv\u00edm repo operac\u00ed dod\u00e1v\u00e1 bank\u00e1m v\u00edce \u010di m\u00e9n\u011b prost\u0159edk\u016f, aby zajistila, \u017ee sazba Libor z\u016fstane v c\u00edlov\u00e9m p\u00e1smu. SNB stanovuje pro Libor c\u00edlov\u00e9 rozp\u011bt\u00ed jednoho procentn\u00edho bodu, ve kter\u00e9m se sazba m\u016f\u017ee pohybovat. Zv\u00fd\u0161en\u00ed c\u00edlov\u00e9ho p\u00e1sma signalizuje zp\u0159\u00edsn\u011bn\u00ed m\u011bnov\u00e9 politiky, sn\u00ed\u017een\u00ed pak uvoln\u011bn\u00ed politiky.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka (SNB) byla zalo\u017eena v roce 1907 jako nez\u00e1visl\u00e1 centr\u00e1ln\u00ed banka \u0160v\u00fdcarska. \u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka usiluje o udr\u017een\u00ed cenov\u00e9 stability a z\u00e1rove\u0148 zohled\u0148uje hospod\u00e1\u0159sk\u00fd v\u00fdvoj. Stejn\u011b jako ostatn\u00ed zem\u011b si SNB cen\u00ed cenov\u00e9 stability pro dlouhodob\u00fd r\u016fst a prosperitu. SNB ztoto\u017e\u0148uje cenovou stabilitu s maxim\u00e1ln\u011b 2% n\u00e1r\u016fstem n\u00e1rodn\u00edho indexu spot\u0159ebitelsk\u00fdch cen. \u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed […]<\/p>\n","protected":false},"author":1,"featured_media":3121,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"Jak funguje \u0160v\u00fdcarsk\u00e1 n\u00e1rodn\u00ed banka (SNB). V\u00fdvoj a historie. Bankovnictv\u00ed a monet\u00e1rn\u00ed (m\u011bnov\u00e1) politika ve \u0160v\u00fdcarsku.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[196],"tags":[],"class_list":["post-3120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/3120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=3120"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/3120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/3121"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=3120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=3120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=3120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}