2026-11-05 - Martin Schlegel: Transmission and conduct of monetary policy in Switzerland
From the original
To achieve its mandate, a central bank needs to understand how its actions affect the financial system and the economy. Switzerland is a small open economy with a stable political and institutional environment. This creates a special setting for monetary policy. Our main tool is
Related speeches
4 itemsMartin Schlegel: Comments on Swiss monetary policy
The desk believes that the Swiss National Bank (SNB) is likely to maintain its current monetary policy stance in light of recent economic indicators. Per the full note [source], Chairman Martin Schlegel emphasized the importance of price stability and the challenges posed by inflation, which is projected to remain above the SNB's target. This aligns with our view that the Swiss franc will remain stable against major currencies, particularly as inflation pressures are expected to persist in the near term.