Regional Economic Councils

Regional Economic Councils support the delegates in monitoring economic developments in their region and explaining the SNB's policies. The Regional Economic Councils are made up of three or four members, depending on the size and economic structure of the region. Members are selected from various sectors of the local economy, and are elected by the Bank Council for four-year terms. They meet the delegate for regional economic relations, generally on a quarterly basis, to analyse the economic situation and the effects of monetary policy in their region, and the results are reported to the Governing Board.