Switzerland is one of the most developed economies in the world. The Swiss franc, on the other hand, has been a safe haven for many decades. Although the franc, unlike the euro or the dollar, is not [...]

In the modern economy, the central role of central banks is to control the amount of money in circulation. The right policy in this area ensures confidence in money and price stability.

The recent behavior of the Swiss franc may have suggested SNB's return to a "ceiling" policy. The strong appreciation of the CHF against the major currencies, among others, is clearly not in the hands of the Central Bank of Switzerland.

The Swiss National Bank (SNB- Swiss National Bank) is the central bank of this alpine country. As in the case of other state-owned entities, it functions in a way similar to the National [...]