Swiss National Bank to start publishing rate discussion summaries

VEZIA, Switzerland, Sept 10 (Reuters) - The Swiss National Bank on Wednesday said it will start issuing delayed summaries of its governing board's policy discussions to add clarity and credibility to its moves.

The report will be published four weeks after each rate decision, starting with the next quarterly assessment scheduled for September 25, SNB Chairman Martin Schlegel said during a speech in Vezia near Lugano in southern Switzerland.

The summary will cover the two days of governors' deliberations on monetary policy and provide the SNB's view of the economic and monetary situation, he added.

While the main points from the SNB's discussions will be included, individual board members' positions will, however, not be disclosed, he said.

The central bank is following the lead of some of its global peers, including the U.S. Fed, the ECB, the Bank of England and the Bank of Japan, who release an account of policy deliberations to increase transparency and offer a nuanced view that would be difficult to convey in a press release.

Monetary policy is about expectations, which will in turn influence how people act, Schlegel said, stressing it was necessary for the central bank to clearly and credibly communicate its commitment to keeping inflation low.

"We must be accountable and explain our decisions, so that the public is informed of our actions," he said.