US EditionSnb Dares to Increase Transparency: Monetary Policy Will Be Communicated More Openly in the Future
4 Articles
4 Articles
SNB President Martin Schlegel takes a new path in communication: he wants to publish the internal discussion before interest rate decisions in the future. His predecessor Thomas Jordan had always resisted it.
The Swiss National Bank (SNB) now plans to publish a summary of its monetary policy discussions to "better understand how" it implements its strategy, thus aligning with what other major central banks are doing.
The Swiss National Bank (SNB) has so far made a secret of how it comes to its interest rate decisions when assessing the situation. This is now to change, but the individual votes on the Governing Board will not be published in the future.
The SNB will publish a new summary of its discussions on monetary policy assessment. Thus, the Governing Board and its President Martin Schlegel will change course in communication, which would have been unthinkable under Thomas Jordan's predecessor. The step also has a symbolic significance.
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