The Swiss National Bank must ensure price stability and contribute to financial stability. The priority is monetary policy. Macroprudential instruments serve to cushion unwanted side effects for financial stability. The most important instrument is the countercyclical capital buffer. National Bank vize Antoine Martin advocates to refine it and raise the statutory ceiling.
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The Swiss National Bank must ensure price stability and contribute to financial stability. The priority is monetary policy. Macroprudential instruments serve to cushion unwanted side effects for financial stability. The most important instrument is the countercyclical capital buffer. National Bank vize Antoine Martin advocates to refine it and raise the statutory ceiling.