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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

2016-01-29 – Investment of assets – Foreign currency investments and Swiss franc bond investments (end of Q4 2015)

Investment structure at the end of Q4 2015 As at 31 December 2015, the key asset allocation data for the foreign currency investments and the Swiss franc bond investment portfolio were as follows (figures of previous quarter are indicated in brackets): Currency allocation, excluding investments and liabilities from foreign exchange swaps CHF - - 100% (100%) USD 32% (33%) - - EUR 42% (42%) - - GBP 7% (7%) - - JPY 8% (8%) -...

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2015-10-01 – Speech – Fritz Zurbrügg, Member of the Governing Board of the Swiss National Bank: A new premise for SNB monetary policy?

Fritz Zurbrügg, Member of the Governing Board of the Swiss National Bank KOF Forecast Conference, Zurich, 01.10.2015 Complete text After the Swiss National Bank (SNB) decided, in January this year, to discontinue the minimum exchange rate, the Swiss franc appreciated sharply. Moreover, the negative interest rate on sight deposits at the SNB has meant that interest rates in the money and capital markets have fallen further, partly into negative territory. By contrast, mortgage rates...

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