SNB Swiss CHF

SNB dismisses ‘politically motivated’ reforms

SNB dismisses ‘politically motivated’ reforms

 

Matthew Allen
Apr 29, 2016 - 12:04

The Swiss National Bank (SNB) has rejected two proposals, calling for the establishment of a sovereign wealth fund and for a change in money printing policy, which would turn the independent central bank into a “political football”.

At its annual general meeting on Friday, the SNB also dismissed separate plans to expand its governing beyond its current three members and to extend its mandate into stabilising employment and exchange rates.

The raft of reform proposals were sparked by the SNB’s failed attempt to peg the franc . . .

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