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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

2020-10-22 – Media – Why the SNB opposes the Initiative against war trade

The Swiss popular initiative 'For a ban on financing war material manufacturers' (Initiative against war trade) will be put to a national vote on 29 November 2020. The SNB opposes the initiative. This page provides background information and explains the rationale for the SNB's position. The aim of the initiative The proposal is to prohibit the old-age and survivors' insurance scheme (AHV), pension funds, foundations and also the SNB from holding securities issued by...

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