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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.

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Articles by SwissNationalBank

SNB appoints new delegate for regional economic relations for Central Switzerland

September 25, 2018

With effect from 1 October 2018, Gregor Bäurle will assume the function of Swiss National Bank (SNB) delegate for regional economic relations for the Central Switzerland region. He succeeds Walter Näf, who is taking on a new position, representing the SNB in the Swiss delegation to the OECD in Paris as of 1 January 2019.
Following a research stay in the US as a visiting scholar, Gregor Bäurle received his doctorate in economics from the University of Bern. He went on to work as an energy market analyst for a company in Central Switzerland. Mr Bäurle has been employed at the SNB since 2010, most recently as economic advisor in the Economic Analysis (Switzerland) team. He is also an Associate Lecturer at the University

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Monetary Policy Assessment of 20 September 2018

September 20, 2018

Swiss National Bank leaves expansionary monetary policy unchanged
The Swiss National Bank (SNB) 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 June 2018, the Swiss franc has  appreciated noticeably, against the major currencies as well as against emerging market currencies. The Swiss franc is highly valued, and the situation

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