The Swiss National Bank (SNB) Chairman Speech may contain information about forthcoming changes in the bank's interest rates or in the monetary policy. The SNB's Chairman is the one who has the maximum influence on the Swiss franc quotes among all other employees of the Swiss National Bank and supervisory bodies. The speech reflects the official position of the Swiss regulator on the monetary policy and interest rate change trends.
The SNB's Chairman often speaks in public: in addition to regular speeches and press conferences, the Chairman participates in international economic forums, speaks at congresses and conferences, and announces SNB's official statements.
If Chairman's rhetoric suggests possible developments in the future monetary policy, such as the upcoming tightening or easing, this may have a short-term effect on the Swiss franc quotes. Positive characteristics of the Swiss labor market or inflationary growth statements contained in the speech can be seen as positive for CHF quotes. All these factors can give investors a hint of a near-term increase in the SNB's interest rate. This can have a sharp short-term impact on Swiss franc quotes.