Central Banks

SNB’s New Female Rate Setter Unlikely to Challenge Status Quo

  • Petra Tschudin will take over market operations as of Oct. 1
  • She joined the central bank 20 years ago, also worked at BIS
Petra TschudinPhotographer: Paolo Dutto/Schweizerische Nationalbank
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She may only be the second woman to ever sit on the Swiss National Bank’s rate-setting board, but in most other respects, Petra Tschudin is cut from the same cloth as her colleagues.

Tschudin, 48, was appointed on Wednesday to fill the gap on the three-member board when SNB President Thomas Jordan leaves at the end of September. Widely seen as one of his protégés, she will take over the department in charge of market operations.