The Swiss National Bank (SNB) is the central bank of Switzerland. The primary objective of the SNB is to ensure price stability in Switzerland. The SNB also participates in the European System of Central Banks (ESCB) and is a Bank for International Settlements (BIS) member.
Introduction
The Swiss National Bank (SNB) is the central bank of Switzerland and is responsible for the country’s monetary policy. The SNB is headquarter in Bern and has branches in Zurich and Basel. The SNB is a European System of Central Banks (ESCB) member.
The Bank founded in 1907 and is currently the 19th oldest central bank in the world. The SNB is one of the few central banks that have been in operation for over a century.
The SNB’s primary mandate is to maintain price stability in Switzerland. The SNB achieves this by influencing the interest rates in the Swiss franc money market. The SNB also manages the foreign reserves of the Swiss franc.
The Bank for International Settlements (BIS) member and is part of the Basel Committee on Banking Supervision (BCBS). The SNB is also a member of the International Monetary Fund (IMF).
The SNB is head by a seven-member Board of Directors, which includes the President and Vice President. The current President of the SNB is Thomas Jordan, and the Vice President is Fritz Zurbruegg.
The SNB is unique among central banks in that it is the country’s central bank and the issuer of the Swiss franc, the national currency. The SNB is the only central bank in the world member of the ESCB and the BIS.
History
The Swiss National Bank (SNB) is the central bank of Switzerland and is responsible for the country’s monetary policy. The SNB is an active member of the international financial community and participates in the Bank for International Settlements (BIS) work. The SNB is also a European System of Central Banks (ECB) member.
The Bank has two main objectives:
– To maintain price stability in Switzerland
– To support the economic policy of the Swiss Confederation
The SNB achieves these objectives by influencing the economy’s supply of money and credit. It does this through its three main instruments:
– The interest rate on sight deposits
– Foreign exchange interventions
– The use of reserve requirements
The SNB is an independent institution. It is accountable to the Swiss Parliament, but the Constitution guarantees its independence. The Federal Council appoints the members of the SNB Board for a term of office of six years. They can be re-appoint once.
The SNB Board is responsible for the conduct of monetary policy. It is assist in this task by the SNB Executive Board, responsible for the operational implementation of monetary policy.
The SNB is headquartered in Bern. It has branches in Zurich and Basel and representative offices in Geneva and Lugano.
Activities
The Swiss National Bank (SNB) is the central bank of Switzerland and is responsible for the country’s monetary policy. The SNB also manages the Swiss franc, the official currency of Switzerland.
The Bank is a member of the European System of Central Banks (ESCB), which is the central banking system of the European Union (EU).
The SNB is headquartered in Bern, the capital of Switzerland.
The primary objective of the SNB is to maintain price stability in Switzerland. The SNB achieves this by setting interest rates and intervening in the foreign exchange market if necessary.
The Bank is also responsible for ensuring the stability of the Swiss banking system and for providing banking services to the Swiss government.
The SNB is governed by the Swiss National Bank Act of 2007. The Bank is headed by a Board of Directors responsible for overall strategy and decision-making.
The Board of Directors comprises seven members: the President, Vice President, and five others. The Board of Directors elects the President and Vice President for a four-year term.
The Swiss Confederation appoints the other five members for a four-year term.
The SNB is supervised by the Swiss Federal Council, the Swiss government’s executive body.
Structure
The Swiss National Bank is the central bank of Switzerland and is responsible for the country’s monetary policy. The SNB is a member of the European System of Central Banks.
The Bank has three main tasks:
- To ensure price stability in Switzerland
- To support the economic policies of the Swiss government
- To act as a lender of last resort
The SNB is headquartered in Bern and has branches in Zurich and Basel. It is a member of the Bank for International Settlements.
The Swiss National Bank is the only central bank in the world owned by the private sector. The SNB is majority-owned by the cantonal banks of Switzerland, with the remainder owned by other Swiss banks and institutions.
Governance
The Swiss National Bank (SNB) is the central bank of Switzerland and is responsible for the country’s monetary policy. The SNB also manages the Swiss franc, the official currency of Switzerland. The Bank is a European System of Central Banks (ESCB) member.
The SNB was establish in 1907. The primary goal of the SNB is to maintain price stability in Switzerland. The SNB achieves this by influencing the economy’s supply and demand for money and credit. The SNB also promotes a safe and efficient banking system in Switzerland.
The Swiss Federal Constitution and the Swiss National Bank Act govern the SNB. The SNB is head by a Board of Directors responsible for setting monetary policy. The Board of Directors comprises seven members: the President, the Vice President, and five others. The Board of Directors elects the President and Vice President. The Swiss Federal Council, the executive branch of the Swiss government, appoints the other five members.
The SNB is headquarter in Bern, the capital of Switzerland. The SNB has branches in Zurich and Basel and representative offices in Geneva and Lugano.
Key Figures
The Swiss National Bank (SNB) is the central bank of Switzerland and is responsible for the country’s monetary policy. The Bank is a European System of Central Banks (ESCB) member.
The SNB has six key figures that guide its actions:
– The inflation target is 2%
– The target for the three-month Swiss franc Libor is -0.75%
– The SNB’s foreign currency reserves should be at least 8% of the GDP
– The Bank’s equity portfolio should be between 20% and 40% of its balance sheet
– The SNB’s balance sheet should be in surplus
– The SNB should have a positive net worth
