Foreign exchange operations

Within the framework of various swap arrangements, the SNB can, where necessary, provide liquidity in foreign currencies, thus serving as a liquidity backstop. While such precautionary measures have no effect on the supply of money in Swiss francs, they enable the SNB’s counterparties to gain easier access to liquidity in foreign currencies.

Close-up of a one-dollar bill

The SNB’s US dollar auctions

You can find instruction sheets, announcements and the results of US dollar auctions here.

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The monetary policy decisions

Here you will find all publications regarding the monetary policy decisions, sorted by year.

The monetary policy strategy

The SNB conducts Switzerland’s monetary policy as an independent central bank. Find relevant information here.

The implementation of monetary policy

Find out here about the implementation of monetary policy and the instruments used.

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