The monetary policy implemented by the Swiss National Bank affects the livelyhood of everyone, but, naturally, the financial industry in particular. Here's a list of side-effects.

 1. Stock Market: Monetary Policy Junkies

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Monetary policy has been guiding stock markets, not least since Mario Draghi's famous promise of «whatever it takes» in 2012. The ex-head of the European Central Bank (ECB) came out in support of the euro and committed the bank to pouring billions and billions of euros into the financial system – every month. An expansive monetary by the U.S. Federal Reserve is also what keeps the world’s largest economy going strong in 2019.

After the financial crisis, low (and in some cases negative) interest rates prompted investors to shift assets out of bond and into stock markets. The consequence of the shift are elevated prices for equities. The Swiss National Bank (SNB) is investing huge amounts of foreign currency reserves in stocks and other players are following the lead of such a prominent force slavishly. Sober-minded investors by contrast are concerned about valuations and tend to put their money into private-equity markets instead.