SNB News
[unable to retrieve full-text content]
Read More »
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.
2024-04-22 – Data portal – Economic data, April 2024
[unable to retrieve full-text content]
Read More »2024-04-22 – Data portal – Monthly banking statistics, April 2024
[unable to retrieve full-text content]
Read More »2024-04-22 – Press release – SNB raises minimum reserve requirement for banks
[unable to retrieve full-text content]
Read More »2024-04-18 – Antoine Martin / Thomas Moser: The implementation and transmission of the SNB’s monetary policy during the recent tightening cycle
Since peaking at 3.5% in August 2022, inflation in Switzerland has fallen sharply and stood at 1.0% in March 2024. This speech discusses how the implementation and transmission of the Swiss National Bank's monetary policy contributed to this substantial decline in inflation. By implementing its policy rate effectively in the secured short-term Swiss franc money market and by ensuring broad transmission to all relevant financial market interest rates and Swiss franc exchange...
Read More »2024-04-16 – New data portal for Swiss National Bank
[unable to retrieve full-text content]
Read More »2024-04-15 – Data portal – Important monetary policy data, 15 April 2024
[unable to retrieve full-text content]
Read More »2024-04-12 – Data portal – IMF SDDS Plus, 12 April 2024
[unable to retrieve full-text content]
Read More »2024-04-09 – Martin Schlegel: Interest rates and foreign exchange interventions: Achieving price stability in challenging times
For decades, the exchange rate has played a key role for the Swiss economy and for the Swiss National Bank's monetary policy. However, it was only with the global financial crisis in 2008/2009 that the SNB started to intervene in the foreign exchange market on a large scale.Foreign exchange interventions were necessary to achieve the SNB's mandate of price stability. To maintain price stability, the SNB influences monetary conditions - primarily by setting the SNB policy...
Read More »2024-04-08 – Thomas Jordan: Towards the future monetary system
Introductory remarks, event "Towards the future monetary system", Zurich, 08.04.2024 Central bank money and commercial bank money complement each other in the current monetary system. Central bank money comprises sight deposits of banks held at the central bank and banknotes, whereas commercial bank money comprises client deposits at banks. Payments between banks are settled in central bank money, thereby anchoring the value of commercial bank money. It is essential for a...
Read More »