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SNB bought foreign currency worth 1.44 billion Swiss francs between April and June, down from 3.94 billion in Q1, while maintaining an increased willingness to intervene against the safe-haven franc.
SNB Chair: Ready To Intervene In Fx Market, Cannot Give A Direction
BERN, Sept 24 (Reuters) — The Swiss National Bank is willing to intervene in the foreign exchange markets as necessary, Chairman Martin Schlegel said on Thursday, adding that uncertainty about inflation and economic development remained high. "We will therefore continue to monitor the situation and adjust our monetary
SNB: Remain ready to intervene in FX market as needed.
SNB's Chairman Schlegel: We're ready to intervene in the FX market if needed.
The Swiss National Bank is prepared to counter any fresh upward pressure on the Swiss franc, having increased its willingness to intervene in FX markets since the Iran war. The central bank left its main policy rate unchanged on Thursday. The SNB said Switzerland's economic activity has remained resilient since the con
SNB Chairman states many factors affect the exchange rate, including interest rate differential to ECB and increased readiness to intervene
The Swiss National Bank is prepared to counter any fresh upward pressure on the Swiss franc, having increased its willingness to intervene in FX markets since the Iran war. The central bank left its main policy rate unchanged on Thursday. The SNB said Switzerland's economic activity has remained resilient since the con
The Swiss National Bank is prepared to counter any fresh upward pressure on the Swiss franc, having increased its willingness to intervene in FX markets since the Iran war. The central bank left its main policy rate unchanged on Thursday. The SNB said Switzerland's economic activity has remained resilient since the con