ForeXistenZ › Central banks › SNB
Swiss National Bank (SNB)
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Guardian of the Swiss franc, the safe haven the market runs to when fear rises.
How the SNB moves the CHF
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a SNB decision are among the most volatile of the month for the CHF. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Swiss National Bank do?
Guardian of the Swiss franc, the safe haven the market runs to when fear rises.
Where is the Swiss National Bank?
The Swiss National Bank (SNB) is in Zurich / Bern, Switzerland.
Why do forex traders watch the SNB?
Interest rates are the price of a currency. When the SNB raises or cuts rates — or only hints at it — money moves into or out of the CHF, and USD/CHF reacts within seconds.
Where are the SNB’s decisions published?
Official decisions, statements and the meeting calendar are published on https://www.snb.ch/en.
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Other central banks
ECBEuropean Central Bank
Frankfurt, Euro area — Runs monetary policy for the twenty countries of the euro, the world’s second reserve currency.
BOEBank of England
London, United Kingdom — The Old Lady of Threadneedle Street — sets UK rates and guards one of the largest gold vaults on Earth.
NORGESNorges Bank
Oslo, Norway — Runs the krone — and manages Norway’s oil fund, the largest sovereign wealth fund on Earth.
NBPNarodowy Bank Polski
Warsaw, Poland — One of the most determined gold buyers among the world’s central banks.
RIKSBANKSveriges Riksbank
Stockholm, Sweden — The oldest central bank in the world, founded in 1668.
CBRTCentral Bank of the Republic of Türkiye
Ankara, Türkiye — Fights for the lira — a lesson in what inflation does to a currency.