The Swiss National Bank is tasked with ensuring price stability
Background
The Swiss National Bank is tasked with ensuring price stability, while taking due account of economic developments.
Its monetary policy strategy has three elements: a definition of price stability, a medium-term inflation forecast and the SNB policy rate.
It implements policy by setting the SNB policy rate, keeping short-term Swiss franc money market rates close to it.
The SNB commenced operations in 1907.
Central bank of:
Switzerland
Commenced operations:
1907
Why it matters for exams: The mandate and tools of a central bank, and the currency it manages, are classic static economy questions.
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