SNB President-designate Martin Schlegel focuses on stability
Published: Wednesday, Jun 26th 2024, 15:41
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The designated head of the SNB, Martin Schlegel, stands for continuity. The still-Vice Chairman emphasized this himself on Wednesday during his media conference following his announced appointment by the Federal Council.
"The SNB's task is to ensure stability," said Schlegel. Above all, price stability is the SNB's declared goal. Under his leadership, it will continue to pursue this goal. He will act no differently to his predecessor and mentor Thomas Jordan. It is possible that these goals will sometimes be achieved somewhat differently.
However, the currency guardian does not reveal much more. He stands by the SNB's mandate. When asked whether the SNB's communication will become more open under his leadership, Schlegel merely emphasizes that communication is important in order to strengthen trust in the SNB.
With Schlegel's appointment, the SNB has opted for an internal succession solution. According to Federal Councillor Karin Keller-Sutter, however, external candidates were also considered. In the end, Schlegel's high level of professional expertise spoke in his favor.
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