The SNB has the mandate to conduct monetary policy in such a way that money preserves its value and the Swiss economy develops in an appropriate manner. Find out about the SNB’s monetary policy strategy, instruments and decisions here.

The SNB is tasked with ensuring price stability, while taking due account of economic developments. The SNB’s monetary policy strategy consists of three elements: a definition of price stability, a medium-term inflation forecast and the SNB policy rate.

The Swiss National Bank implements its monetary policy by setting the SNB policy rate. In so doing, it seeks to keep the short-term Swiss franc money market rates close to the SNB policy rate. Both the regular and the other monetary policy instruments are described in the 'Guidelines of the Swiss National Bank on monetary policy instruments'.