Monetary policy

At a glance

Evolution of monetary aggregates M1, M2 and M3, in CHF billion

Late September	Banknote circulation	Sight deposits	Monetary aggregate M1	Monetary aggregate M2	Monetary aggregate M3
2017	82 542	405 269	626 002	973 436	1 024 278
2018	87 622	429 414	656 176	998 652	1 047 675
2019	83 638	471 041	679 720	1 025 083	1 076 189
2020	87 153	563 325	718 530	1 058 289	1 121 938
2021	90 089	618 942	763 281	1 092 923	1 159 417

Source: Swiss National Bank (SNB)

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