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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

2016-10-24 – Speech – Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank: Monetary policy using negative interest rates: a status report

Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank Vereinigung Basler Ökonomen, Basel , 24.10.2016 Complete text Since January 2015, the monetary policy of the Swiss National Bank (SNB) has been based on two elements: a willingness to intervene in the foreign exchange market as necessary and an interest rate of...

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2016-10-14 – Financial markets – Reform of benchmark interest rates

The national working group on Swiss franc (CHF) reference rates (NWG) is the key forum for considering proposals to reform reference interest rates in Switzerland and discussing the latest international developments. The NWG was founded in 2013 and has since been guiding the reform process relating to CHF reference interest rates. The NWG is co-chaired by a representative of the private sector and a representative of the SNB. The group is open to representatives of domestic and...

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2016-10-05 – Publications – SNB film

The SNB film takes a behind-the-scenes look at the Swiss National Bank (SNB) and its monetary policy. It explains why the SNB has a mandate to ensure price stability, describes how it implements this mandate, and demonstrates what impact this has on our everyday lives. The film is built around the monetary policy decision-making process, with the regular assessment and communication of the decision at the half-yearly news conference serving as a framing device. It also covers two...

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