During the General Meeting (AGM) of the Swiss National Bank, attendees expressed their opinions on what changes the bank should make. However, Bank Council President Barbara Janom Steiner turned the tables by criticizing these suggestions. She accused the critics of being reckless and irresponsible.
Barbara Janom Steiner is one of three members on the Board of Directors, led by President Thomas Jordan, which is responsible for the SNB’s monetary policy. The Board of Directors, known as the Bankrat, includes Janom Steiner. Jordan explained how the National Bank has successfully maintained price stability while considering the economy, emphasizing the importance of the bank’s independence.
Janom Steiner countered critics by highlighting the dangers of pushing for changes that could jeopardize the SNB’s stability. She emphasized that the National Bank must conduct monetary policy in the country’s overall interest and not stray into climate or social policy areas, as specified by the Federal Constitution.
At the AGM, climate activists protested for a more activist investment policy from
