SNB Historical Analysis: Century of Policy Rhetoric Shifts Focus to Inflation

SNB researchers analysed 1,063 speeches from 1928–2024, finding speech frequency rose after the 1950s, language became simpler since the 1960s, and inflation emerged as the dominant policy theme under flexible exchange rates. The study benchmarked Python NLP against ChatGPT but offers no new policy signals or rate guidance; it is historical analysis, not a market catalyst.