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Swiss National Bank
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.

SNB News

2016-03-31 – Speech – Andréa M. Maechler, Member of the Governing Board of the Swiss National Bank: Investment policy in times of high foreign exchange reserves

Andréa M. Maechler, Member of the Governing Board of the Swiss National Bank Money Market Event, Zurich, 31.03.2016 Complete text Since 2008, the Swiss National Bank's (SNB) balance sheet total has grown by a factor of six. This increase is the result of monetary policy measures taken to combat the excessive strength of the Swiss franc. Since spring 2009, these measures have included interventions in the foreign exchange market. The SNB thereby took onto its own balance sheet the...

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2016-03-31 – Speech – Dewet Moser, Alternate Member of the Governing Board of the Swiss National Bank: Implementing monetary policy in turbulent times

Dewet Moser, Alternate Member of the Governing Board of the Swiss National Bank Money Market Event, Zurich, 31.03.2016 Complete text in German: "Umsetzung der Geldpolitik in bewegten Zeiten" The Swiss franc remains significantly overvalued. Its external value therefore continues to be a key parameter for the Swiss National Bank (SNB). The SNB has a vital interest in the smooth functioning of foreign exchange trading in the two most important currency pairs for the Swiss franc, namely...

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