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| Home / Information about / Monetary policy | ||||||||||||||||||||||||||||||||||||||||||
| Monetary policy strategy | ||||||||||||||||||||||||||||||||||||||||||
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| Numerous uncertainties | ||||||||||||||||||||||||||||||||||||||||||
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Even though the SNB considers economic developments when taking monetary policy decisions, it cannot be expected to fine-tune the economy. There are too many uncertainties with respect to the cause and duration of the shocks that impair economic performance, as well as with respect to the transmission mechanisms, the time lag that elapses before monetary policy measures impact on the business cycle and prices, and the extent of their impact.
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