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SCHWEIZ SCHWEIZERISCHE NATIONALBANK LEITZINS

Martin Schlegel, Chairman of the Governing Board of Swiss National Bank, SNB, speaks during a quarterly press conference on economic growth and monetary policy prospects at the Swiss National Bank in Zurich, Switzerland, on Thursday, March 20, 2025. (KEYSTONE/Ennio Leanza)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK LEITZINS

Martin Schlegel, Chairman of the Governing Board of Swiss National Bank, SNB, speaks during a quarterly press conference on economic growth and monetary policy prospects at the Swiss National Bank in Zurich, Switzerland, on Thursday, March 20, 2025. (KEYSTONE/Ennio Leanza)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK

The headquarters of the Swiss National Bank (SNB) is seen ahead of their quarterly news conference on economic growth and monetary policy prospects in Zurich, Switzerland, on Thursday, March 20, 2025. (KEYSTONE/Ennio Leanza)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK

The headquarters of the Swiss National Bank (SNB) is seen ahead of their quarterly news conference on economic growth and monetary policy prospects in Zurich, Switzerland, on Thursday, March 20, 2025. (KEYSTONE/Ennio Leanza)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK LEITZINS

The facade of the Swiss National Bank in Zurich, Switzerland, is seen on Thursday, March 21, 2024. (KEYSTONE/Michael Buholzer).

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

The logo of the Swiss National Bank SNB pictured at the Federal square (Bundesplatz) in Bern, Switzerland, Thursday, March 16, 2023. Credit Suisse is borrowing up to 50 billion francs from the Swiss National Bank (SNB), according to a statement on 16 March 2023. This is intended to strengthen the group, whose shares have crashed on the stock exchange.(KEYSTONE/Peter Schneider)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK

The facade of the Swiss National Bank SNB pictured at the Federal square (Bundesplatz) prior to an end-of-year press conference of Swiss National Bank (SNB BNS), in Bern, Switzerland, Thursday, December 14, 2023. (KEYSTONE/Anthony Anex)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

The facade of the Swiss National Bank SNB pictured at the Federal square (Bundesplatz) in Bern, Switzerland, Thursday, March 16, 2023. Credit Suisse is borrowing up to 50 billion francs from the Swiss National Bank (SNB), according to a statement on 16 March 2023. This is intended to strengthen the group, whose shares have crashed on the stock exchange.(KEYSTONE/Peter Schneider)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

Ein Mann laeuft vor der Schweizerische Nationalbank SNB, Banque nationale Suisse BNS, vorbei, aufgenommen am Montag, 6. Maerz 2023 in Zuerich. Die SNB weist laut Mitteilung von heute fuer das Berichtsjahr 2022 einen Verlust von 132,5 Milliarden Franken aus. (KEYSTONE/Ennio Leanza)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

The logo of the Swiss National Bank SNB pictured at the Federal square (Bundesplatz) in Bern, Switzerland, Thursday, March 16, 2023. Credit Suisse is borrowing up to 50 billion francs from the Swiss National Bank (SNB), according to a statement on 16 March 2023. This is intended to strengthen the group, whose shares have crashed on the stock exchange.(KEYSTONE/Peter Schneider)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK LEITZINS

Swiss National Bank's (SNB) Chairman of the Governing Board Thomas Jordan is mirrored in a screen as gestures during a media briefing at the Swiss National Bank in Zurich, Switzerland, on Thursday, March 21, 2024. (KEYSTONE/Michael Buholzer).

SCHWEIZ SCHWEIZERISCHE NATIONALBANK LEITZINS

Swiss National Bank's (SNB) Chairman of the Governing Board Thomas Jordan walks past the Swiss National Bank in Zurich, Switzerland, on Thursday, March 21, 2024. (KEYSTONE/Michael Buholzer).

SCHWEIZ SCHWEIZERISCHE NATIONALBANK LEITZINS

Swiss National Bank's (SNB) Chairman of the Governing Board Thomas Jordan walks past the Swiss National Bank in Zurich, Switzerland, on Thursday, March 21, 2024. (KEYSTONE/Michael Buholzer).

SCHWEIZ SCHWEIZERISCHE NATIONALBANK LEITZINS

Swiss National Bank's (SNB) Chairman of the Governing Board Thomas Jordan, right, leaves a media briefing with Vice Chairman of the Governing Board Martin Schlegel, left, at the Swiss National Bank in Zurich, Switzerland, on Thursday, March 21, 2024. (KEYSTONE/Michael Buholzer).

SCHWEIZ NATIONALBANK RUECKTRITT JORDAN

A man removes the nameplate from Swiss National Bank's (SNB) Chairman of the Governing Board Thomas Jordan after the media conference about his announced resignation, in Zurich, Switzerland, Friday, March 1, 2024. Jordan will step down at the end of September 2024. (KEYSTONE/Ennio Leanza)

SCHWEIZ NATIONALBANK RUECKTRITT JORDAN

The empty chair of Swiss National Bank's (SNB) Chairman of the Governing Board Thomas Jordan prior the media conference about his announced resignation, in Zurich, Switzerland, Friday, March 1, 2024. Jordan will step down at the end of September 2024. (KEYSTONE/Ennio Leanza)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

The facade of the Swiss National Bank SNB pictured at the Federal square (Bundesplatz) prior to an end-of-year press conference of Swiss National Bank (SNB BNS), in Bern, Switzerland, Thursday, December 15, 2022. (KEYSTONE/Anthony Anex)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

The Swiss National Bank SNB pictured at the Federal square (Bundesplatz) in Bern, Switzerland, Thursday, March 16, 2023. Credit Suisse is borrowing up to 50 billion francs from the Swiss National Bank (SNB), according to a statement on 16 March 2023. This is intended to strengthen the group, whose shares have crashed on the stock exchange.(KEYSTONE/Peter Schneider)

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

An aerial view shows the Swiss National Bank's (SNB) building, front, in Zurich, Switzerland, on Thursday, June 22, 2023. (KEYSTONE/Michael Buholzer).

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

The Swiss National Bank (SNB), center front, in Zurich, Switzerland, on Thursday, September 22, 2022. (KEYSTONE/Michael Buholzer).

SCHWEIZ SCHWEIZERISCHE NATIONALBANK SNB

The facade of the Swiss National Bank (SNB) in Zurich, Switzerland, on Thursday, September 22, 2022. (KEYSTONE/Michael Buholzer).

SCHWEIZ ZUERICH NATIONALBANK

The Swiss National Bank in Zurich, Switzerland, pictured on April 11, 2018. (KEYSTONE/Gaetan Bally) Die Schweizerische Nationalbank in Zuerich, aufgenommen am 11. April 2018. (KEYSTONE/Gaetan Bally)

SCHWEIZ ZUERICH NATIONALBANK

The facade of the Swiss National Bank in Zurich, Switzerland, pictured on April 11, 2018. (KEYSTONE/Gaetan Bally) Die Fassade der Schweizerischen Nationalbank in Zuerich, aufgenommen am 11. April 2018. (KEYSTONE/Gaetan Bally)

SCHWEIZ BERN SCHWEIZERISCHE NATIONALBANK SNB

Die Fassade der Schweizerischen Nationalbank, am Montag, 10. Dezember 2018 in Bern. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK SNB

The facade of the Swiss National Bank SNB pictured at the Bundesplatz, one day prior to the semi-annual press conference of the Swiss National Bank (SNB BNS), in Bern, Switzerland, Wednesday, June 17, 2020. (KEYSTONE/Anthony Anex)

SCHWEIZ NATIONALBANK SNB

The facade of the Swiss National Bank SNB pictured at the Bundesplatz, one day prior to the semi-annual press conference of the Swiss National Bank (SNB BNS), in Bern, Switzerland, Wednesday, June 17, 2020. (KEYSTONE/Anthony Anex)

SCHWEIZ BERN NATIONALBANK

Luftaufnahme von der Baustelle beim Sitz der Schweizerischen Nationalbank, SNB, in Bern, Schweiz, am Mittwoch, 8. August 2018. (KEYSTONE/Thomas Hodel)..

SCHWEIZ ZUERICH NATIONALBANK

The facade of the Swiss National Bank in Zurich, Switzerland, pictured on April 11, 2018. (KEYSTONE/Gaetan Bally) Die Fassade der Schweizerischen Nationalbank in Zuerich, aufgenommen am 11. April 2018. (KEYSTONE/Gaetan Bally)

SCHWEIZ ZUERICH NATIONALBANK

The facade of the Swiss National Bank in Zurich, Switzerland, pictured on April 11, 2018. (KEYSTONE/Gaetan Bally) Die Fassade der Schweizerischen Nationalbank in Zuerich, aufgenommen am 11. April 2018. (KEYSTONE/Gaetan Bally)

SCHWEIZ BERN SCHWEIZERISCHE NATIONALBANK SNB

The facade of the Swiss National Bank SNB at Bundesplatz in Berne, Switzerland, pictured on March 12, 2018. (KEYSTONE/Gaetan Bally) Die Fassade der Schweizerischen Nationalbank SNB am Bundesplatz in Bern, aufgenommen am 12. Maerz 2018. (KEYSTONE/Gaetan Bally)

SCHWEIZ BERN SCHWEIZERISCHE NATIONALBANK SNB

The building of the Swiss National Bank SNB at Bundesplatz in Berne, Switzerland, behind a barbed wire fence, pictured on March 12, 2018. (KEYSTONE/Gaetan Bally) Das Gebaeude der Schweizerischen Nationalbank SNB am Bundesplatz in Bern hinter einem Stacheldrahtzaun, aufgenommen am 12. Maerz 2018. (KEYSTONE/Gaetan Bally)

SCHWEIZ NATIONALBANK

Federal Square with the Swiss National Bank SNB at the far end in Berne, Switzerland, pictured on July 16, 2012. (KEYSTONE/Gaetan Bally) Der Bundesplatz und dahinter die Schweizerische Nationalbank in Bern, aufgenommen am 16. Juli 2012. (KEYSTONE/Gaetan Bally)

SCHWEIZ BERN NATIONALBANK

Federal Square with the Swiss National Bank SNB at the far end in Berne, Switzerland, pictured on July 16, 2012. (KEYSTONE/Gaetan Bally) Der Bundesplatz und dahinter die Schweizerische Nationalbank in Bern, aufgenommen am 16. Juli 2012. (KEYSTONE/Gaetan Bally)

SCHWEIZ BERN NATIONALBANK

Der Haupteingang der Schweizerischen Nationalbank, am Donnerstag, 4. August 2011, in Bern. Die Nationalbank hat am Mittwoch, 3. August 2011, gegen das Frankenhoch interveniert. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

Die Nationalbank spiegelt sich im Wasser des Brunnens auf dem Bundesplatz, am Sonntag, 18. Mai 2014, in Bern. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

At the entrance to the Swiss National Bank SNB in Berne, Switzerland, pictured on July 16, 2012. (KEYSTONE/Gaetan Bally) Am Eingang zur Schweizerischen Nationalbank in Bern, aufgenommen am 16. Juli 2012. (KEYSTONE/Gaetan Bally)

SCHWEIZ NATIONALBANK

The Logo of the the Swiss National Bank, SNB, photographed Thursday, 15 January 2015, in Bern, Switzerland. The Swiss National Bank (SNB) ended the day by abandoning its exchange rate control and cut interest rates to -0.75 to send the franc soaring against the single currency. The Swiss franc rose by almost 30 per cent against the europe after the move shocked global markets. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

The Swiss National Bank, SNB, photographed Thursday, 15 January 2015, in Bern, Switzerland. The Swiss National Bank (SNB) ended Thursday in a surprise move its three-year-old cap of 1.20 franc per euro and cut the interest rate on sight deposits over a certain limit. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

The Swiss National Bank, SNB, photographed Thursday, 15 January 2015, in Bern, Switzerland. The Swiss National Bank (SNB) ended Thursday in a surprise move its three-year-old cap of 1.20 franc per euro and cut the interest rate on sight deposits over a certain limit. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

The Swiss National Bank, SNB, photographed Thursday, 15 January 2015, in Bern, Switzerland. The Swiss National Bank (SNB) ended the day by abandoning its exchange rate control and cut interest rates to -0.75 to send the franc soaring against the single currency. The Swiss franc rose by almost 30 per cent against the europe after the move shocked global markets. (KEYSTONE/Peter Klaunzer)

SCHWEIZ BERN NATIONALBANK

Das Logo der Schweizerischen Nationalbank ueber dem Haupteingang, am Donnerstag, 4. August 2011, in Bern. Die Nationalbank hat am Mittwoch, 3. August 2011, gegen das Frankenhoch interveniert. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

Antike Statuen zieren die Fassade der Schweizerischen Nationalbank in Bern, aufgenommen am 24. August 2001. (KEYSTONE/Martin Ruetschi) : Dia]

SCHWEIZ NATIONALBANK

The Swiss National Bank, SNB, photographed Thursday, 15 January 2015, in Bern, Switzerland. The Swiss National Bank (SNB) ended the day by abandoning its exchange rate control and cut interest rates to -0.75 to send the franc soaring against the single currency. The Swiss franc rose by almost 30 per cent against the europe after the move shocked global markets. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

Sicht auf die Schweizerische Nationalbank am Mittwoch 8. Oktober 2008 in Bern. - Erstmals seit 2001 haben die wichtigsten Notenbanken der Welt in einer konzertierten Aktion die Leitzinsen gesenkt. Die Europaeische Zentralbank, die US-Notenbank sowie die Zentralbanken von Grossbritannien, China, Schweden, Schweiz, Kanada und Japan senkten die Zinsen um 0,5 bis zu 1,0 Prozentpunkte. Fuer die Eurozone wurde der Leitzins um 0,5 Basispunkte auf 3,75 Prozent reduziert. Die US-Zinsen wurden um 0,5 Basispunkte auf 1,5 Prozent heruntergeschraubt. Die Schweizerische Nationalbank (SNB) senkt das Zielband fuer den Dreimonats-Libor auf 2,0 bis 3,0 Prozent. (KEYSTONE/ Peter Schneider)

SCHWEIZ NATIONALBANK

Das Hauptgebaeude der Schweizerischen Nationalbank am Bundesplatz in Bern, aufgenommen am 26. November 2008. (KEYSTONE/Gaetan Bally) The main building of the Swiss National Bank on Parliament Square in Berne, Switzerland, pictured on November 26, 2008. (KEYSTONE/Gaetan Bally)

SCHWEIZ BERN NATIONALBANK

The main entry of the National bank of Switzerland, pictured on November 22, 2011 in Bern,Switzerland. (KEYSTONE/Gaetan Bally) Der Haupteingang der Schweizerischen Nationalbank, aufgenommen am 22. November 2011 in Bern. (KEYSTONE/Gaetan Bally)

SCHWEIZ NATIONALBANK BAUSTELLE

Construction work at the Swiss National Bank (SNB) on the Bundsplatz in Bern, Switzerland, on July 7, 2015. (KEYSTONE/Gaetan Bally) Baustelle bei der Schweizerischen Nationalbank (SNB) am Bundesplatz, am 7. Juli 2015, in Bern. (KEYSTONE/Gaetan Bally)

SCHWEIZ NATIONALBANK BAUSTELLE

Passanten gehen an der Baustelle vor der Schweizerischen Nationalbank vorbei, am Mittwoch, 9. September 2015, auf dem Bundesplatz in Bern. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK BAUSTELLE

Eine Wand mit Stacheldraht steht vor der Baustelle vor der Schweizerischen Nationalbank, am Mittwoch, 9. September 2015, auf dem Bundesplatz in Bern. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK BAUSTELLE

Construction work at the Swiss National Bank (SNB) on the Bundsplatz in Bern, Switzerland, on May 22, 2016. (KEYSTONE/Christian Beutler) Die Bauabsperrung vor der Schweizerischen Nationalbank am Bundesplatz in Bern am 22. Mai 2016. (KEYSTONE/Christian Beutler)

SCHWEIZ NATIONALBANK BAUSTELLE

Die Schweizerische Nationalbank, am Mittwoch, 15. Juni 2016 in Bern. (KEYSTONE/Peter Klaunzer)

SCHWEIZ ZUERICH NACHT NATIONALBANK SNB

The Swiss National Bank SNB on Buerkliplatz square in Zurich, Switzerland, pictured on the night of June 17, 2016. (KEYSTONE/Christian Beutler)

SCHWEIZ NATIONALBANK

The Swiss National Bank, SNB, photographed Thursday, 15 January 2015, in Bern, Switzerland. The Swiss National Bank (SNB) ended Thursday in a surprise move its three-year-old cap of 1.20 franc per euro and cut the interest rate on sight deposits over a certain limit. (KEYSTONE/Peter Klaunzer)

SCHWEIZ BERN BUNDESHAUS

Die Abendsonne scheint auf das Bundeshaus, rechts, und die Nationalbank in Bern am Freitag, 24. September 2010. (KEYSTONE/Peter Klaunzer)

SCHWEIZ NATIONALBANK

Die Schweizerische Nationalbank in Bern, aufgenommen im Maerz 1997. (KEYSTONE/Martin Ruetschi)

SCHWEIZ BERN NATIONALBANK

Die Schweizerische Nationalbank am Donnerstag, 4. August 2011, in Bern. (KEYSTONE/Peter Klaunzer)

SCHWEIZ BERN NATIONALBANK

Ein Bild der Helvetia schmueckt eine Tuer der Schweizerischen Nationalbank SNB am Dienstag, 9. August 2011 in Zuerich. (KEYSTONE/Alessandro Della Bella)