Monday, 31 October 2011 18:00
Swiss National Bank
The Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy and for issuing Swiss franc banknotes.
The names of the institution in the four official languages of the country are: German: Schweizerische Nationalbank; French: Banque Nationale Suisse; Italian: Banca Nazionale Svizzera; Romansh: Banca Naziunala Svizra.
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Central Banks
Sunday, 02 October 2011 23:12
SNB pledged to keep franc from appreciation
The Swiss National Bank’s President Philipp Hildebrand claimed yesterday that the central bank is firm in its decision to defend franc’s peg to euro.
Hildebrand didn’t unveil the amount of foreign currency purchases the SNB has to make in order to keep EUR/CHF above 1.20 and prevent the national currency from excessive strengthening that affected the nation’s exporters and posed recession risks. According to him, this measure is “totally credible.”
Hildebrand didn’t unveil the amount of foreign currency purchases the SNB has to make in order to keep EUR/CHF above 1.20 and prevent the national currency from excessive strengthening that affected the nation’s exporters and posed recession risks. According to him, this measure is “totally credible.”
Published in
Swiss National Bank
