Swiss National Bank

The Swiss National Bank (SNB/BNS) is Switzerland’s central bank. The bank is responsible for the creation and distribution of Swiss franc banknotes and coinage, and for facilitating financial transactions between commercial banks.

It also plays a role in controlling inflation and foreign exchange rates. Because it is able to set the interest rates which it pays or charges on the base money reserves which commercial Swiss banks are required to place in its accounts, the bank can directly influence countrywide interest rates and thus encourage or discourage spending. In this way, the bank plays a significant role in triggering and controlling inflation and deflation.

The Swiss National Bank is not a government institution but a publicly traded company owned by shareholders. It works independently from government under a government mandate. It has offices in Bern and Zurich.

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