According to the Swiss National Bank (SNB) Chairman Thomas Jordan, the independence of the SNB is one of the guarantors of "prosperity and growth" in Switzerland. In a speech at the federal technology institute ETH Zurich Day 2023, he emphasised the joint contribution to Switzerland's success.
"Without independence, there can be no free research and no monetary policy shielded from vested interests," emphasised Jordan in his speech. "But independence is neither a law of nature nor a matter of course."
For Jordan, maintaining independence depends on three points in particular. Firstly, independence must be effectively practised at the SNB. For the SNB, this means that it "always gears its monetary policy towards maintaining price stability." ...