Saturday , September 21 2019
Home / Swiss National Bank
Swiss National Bank

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.

Articles by Swiss National Bank

Switzerland’s international investment position: Focus article ‘Breakdown of changes in stocks’ and extension of data offering

13 hours ago

The Swiss National Bank has today published a focus article on its data portal entitled ‘Switzerland’s international investment position – breakdown of changes in stocks’ (, Resources, International economic affairs, Focus articles).
The article examines the extension of the data the SNB provides on Switzerland’s international investment position (IIP). In addition to information on the stocks in the IIP and the transactions in the financial account, the SNB will from now on also publish data on changes to the IIP other than transactions. It will also break these changes down according to their causes. Users will, for example, be able to find information on how exchange rate changes have influenced the various IIP components. The corresponding table is

Read More »

Swiss Balance of Payments and International Investment Position: Q2 2019

1 day ago

Current Account
Key figures:
Current Account: Down 2.07% against Q2/2018 to 21.3 bn. CHF
of which Goods Trade Balance: Minus 1.52% against Q2/2018 to 14.24 bn.
of which the Services Balance: Plus 0.85% to 4.72 bn.
of which Investment Income: Minus 1.67% to 10.61 bn. CHF.

Current Account Switzerland Q2 2019(see more posts on Switzerland Balance of Payments, Switzerland Capital Account, Switzerland Current Account, Switzerland Financial Account, ) Source: – Click to enlarge

Financial account
The following is from the official press release and gives more details on the other parts of the financial account.

Net acquisition of financial assets
The assets side of the financial account registered a total net acquisition of CHF 11 billion (Q2 2018: net

Read More »

Monetary policy assessment of 19 September 2019

2 days ago

Swiss National Bank leaves expansionary monetary policy unchanged and adjusts basis for calculating negative interest on sight deposits at SNB
The Swiss National Bank is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%. It remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration. Furthermore, the National Bank is adjusting the basis for calculating negative interest on sight deposits at the SNB.
The expansionary monetary policy continues to be necessary given the latest international developments and the inflation outlook in Switzerland. The situation on the foreign exchange market is still fragile, and the Swiss franc has appreciated in trade-weighted

Read More »

100-franc note enters circulation today

9 days ago

SNB banknote app with information on all new denominations
Issuance of the new 100-franc note presented a week ago begins today, 12 September. The complete version of the Swiss National Bank’s ‘Swiss Banknotes’ app is now also available. It has been updated to include the 100-franc note and features information on all six new denominations.
The app, which has been downloaded some 123,000 times, can be obtained free of charge from the Apple ( and Google Play ( app stores. Anyone who has already downloaded the software can update it via the relevant app store. The app explains in an engaging way key information on the security features and interesting details about the design.
The augmented reality app operates with the camera of a

Read More »

Swiss National Bank Presents New 100-Franc Note

18 days ago

100-Franc Note – Click to enlarge
The Swiss National Bank (SNB) will begin releasing the new 100-franc note on 12 September 2019, bringing the issuance of the ninth banknote series to a close. The first denomination in the new series, the 50-franc note, entered circulation on 13 April 2016. This was followed by the 20, 10, 200 and 1000-franc notes, which were released at six or twelve-month intervals.
The inspiration behind the new banknote series is ‘The many facets of Switzerland’. Each denomination depicts a typically Swiss characteristic, which is then illustrated graphically using a range of elements. The 100-franc note focuses on Switzerland’s humanitarian tradition, represented by the key motif of water. As in all the other denominations, the hand and the

Read More »