Swiss National Bank given freedom to invest

In April 2004 the Swiss National Bank's new statute is expected to become law. One of the key changes will be to remove restrictions on the types of assets which the SNB is able to hold. Under its current statute the Swiss central bank is only permitted to hold to gold and fixed-interest securities issued by certain borrowers (states, international organisations and banks). In order to take advantage of this new freedom the SNB plans to issue policy guidelines on how it will manage this ne