Recent Developments in Swiss Monetary Policy

Hans Genberg, Ulrich Kohli and Georg Rich

Chapter 2 in Economic Policy in Switzerland, 1997, pp 8-34 from Palgrave Macmillan

Abstract: Abstract Switzerland has a reputation as a low-inflation country, with a strong currency and a stable monetary environment. Although it (geographically) lies in the center of Europe, the population has voted to stay outside the European Economic Area (EEA), and the SFr. is not part of any European exchange rate arrangement. Instead the country’s central bank, the Swiss National Bank (SNB), is pursuing an independent monetary policy and is one of the few monetary authorities that still uses a monetary aggregate as the only officially recognised intermediate target to combat inflation.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Inflation Rate; Real Exchange Rate (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/978-1-349-25875-8_2

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