Calendar of events and News

Complete annual report 2014

Partner Institution

Swiss National Bank

Further information (English) Thursday, March 26, 2015

A new chapter in monetary policy implementation

On 15 January of this year, the Swiss National Bank (SNB) discontinued the minimum exchange rate against a backdrop of growing divergence between the US and the euro area. On several fronts - inflation, economic growth, interest rate expectations and monetary policy - differences had become increasingly acute in the course of 2014. The SNB's decision also marked a new chapter for the...

Partner Institution

Swiss National Bank

Further information (English) Thursday, March 26, 2015

After the minimum exchange rate: new monetary policy challenges

From 6 September 2011 to 15 January 2015, the minimum exchange rate of CHF 1.20 per euro was the key monetary policy instrument of the Swiss National Bank (SNB). During that period, it served Switzerland's economy well, partially correcting the massive overvaluation of the Swiss franc. Last year, monetary policy in the major currency areas increasingly began to diverge. The minimum exchange rate...

Partner Institution

Swiss National Bank

Further information (English) Thursday, March 26, 2015

Quarterly Bulletin 1/2015

Partner Institution

Swiss National Bank

Further information (English) Wednesday, March 25, 2015

Monthly Statistical Bulletin March 2015

Partner Institution

Swiss National Bank

Further information (English) Monday, March 23, 2015

Monthly Bulletin of Banking Statistics March 2015

Partner Institution

Swiss National Bank

Further information (English) Monday, March 23, 2015

Introductory Remarks, Media News Conference

(2015-03-19, Media News Conference of the Swiss National Bank, Zurich)

Partner Institution

Swiss National Bank

Further information (English) Thursday, March 19, 2015

Monetary policy assessment of 19 March 2015

Partner Institution

Swiss National Bank

Further information (English) Thursday, March 19, 2015

Public bonds of the Swiss Confederation: Results

Partner Institution

Swiss National Bank

Further information (English) Tuesday, November 3, 2015

Public bonds of the Swiss Confederation: New bond issues

Partner Institution

Swiss National Bank

Further information (English) Saturday, October 3, 2015

Important monetary policy data for the week ending 6 March 2015

Partner Institution

Swiss National Bank

Further information (English) Thursday, September 3, 2015

Annual result of the Swiss National Bank for 2014

Partner Institution

Swiss National Bank

Further information (English) Wednesday, June 3, 2015

Real exchange rate persistence: The case of the Swiss franc-US dollar rate

Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long swings in the Swiss franc-US dollar foreign currency market using the I(2) Cointegrated VAR model. The results show strong evidence of...

Partner Institution

Swiss National Bank

Further information (English) Tuesday, March 3, 2015


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