The Swiss Central Bank introduces "Meeting Summary" to reform communication methods.

Jin10 data reported on September 10, the Swiss Central Bank plans to release a so-called monetary discussion summary, which could become a communication revolution, as the bank traditionally values confidentiality. Swiss Central Bank President Schlegel introduced that the new summary will be released four weeks after each interest rate decision, starting this month. The summary will not disclose individual positions, but will show how officials make judgments, which is a step towards the transparency seen in developed economies like the United States. “The summary will cover two days of monetary policy assessment and provide our views on the economic and monetary situation,” he stated. “The new summary will present the key points of the council's discussions. It aims to promote a better understanding of how we apply monetary strategy to the current situation.” The summary will not disclose the decision-making process in as much detail as the minutes of the Fed, Bank of England, and European Central Bank. Due to the Swiss Central Bank's requirement for officials to present a unified stance in public, the discussion content will be presented in a “collective” format.