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The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.

Articles by SwissNationalBank

Claudia Aebersold Szalay to become Head of Media Relations at the SNB

23 days ago

Claudia Aebersold-Szalay at a NZZ event. (Image: Evenito)
Claudia Aebersold Szalay will assume the role of Head of Media Relations at the Swiss National Bank on 1 June, replacing Walter Meier who will be leaving the bank having reached retirement age.
Ms Aebersold Szalay was previously an economics and business editor at the NZZ newspaper for eleven years. Her remit included covering European Central Bank and the Deutsche Bundesbank, which allowed her to gain extensive insight into monetary policy issues. Shejoined the SNB as an advisor in the Communications unit at the beginning of 2018, and holds a doctorate in economics from the University of Basel.
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Monetary policy assessment of 21 March 2019

March 21, 2019

Swiss National Bank leaves expansionary monetary policy unchanged
The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB remains at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.
Since the monetary policy assessment of December 2018, the Swiss franc has depreciated slightly on a trade-weighted basis. Overall, however, it is still highly valued, and the situation on the foreign exchange market continues to

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