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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

2015-11-19 – Speech – Dewet Moser, Alternate Member of the Governing Board of the Swiss National Bank: The financial markets and the implementation of monetary policy

Dewet Moser, Alternate Member of the Governing Board of the Swiss National Bank Money Market Event, Geneva, 19.11.2015 Complete text in German: "Die Finanzmärkte und die Umsetzung der Geldpolitik" Complete text in French: "Les marchés financiers et la mise en œuvre de la politique monétaire" Following the discontinuation of the minimum exchange rate in January 2015, the Swiss National Bank (SNB) is still moving in unfamiliar territory in monetary policy...

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2015-11-19 – Speech – Andréa M. Maechler, Member of the Governing Board of the Swiss National Bank: Monetary policy in 2015 – a first assessment

Andréa M. Maechler, Member of the Governing Board of the Swiss National Bank Money Market Event, Geneva, 19.11.2015 Complete text Since the discontinuation of the minimum exchange rate on 15 January 2015, the monetary policy of the Swiss National Bank (SNB) has been based on two complementary and mutually reinforcing pillars: the negative interest rate and the willingness of the SNB to intervene on the foreign exchange market. The negative interest rate, which...

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2015-11-03 – Speech – Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank: The SNB’s monetary policy and the Swiss financial centre

Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank Rencontres économiques de Genève, première édition , 03.11.2015 Complete text The activities of the Swiss National Bank (SNB) and the Swiss financial sector are closely interlinked. On the one hand, the SNB acts as the bank of banks, providing a stable currency, liquidity and a payment system on which banks rely. By ensuring price stability and contributing to financial stability, the SNB...

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