Reuters reported that the Swiss National Bank welcomes the recent weakening of the Swiss franc, SNB Vice Chairman Fritz Zurbruegg told Swiss newspaper Blick, although it remains premature to shift away from its current ultra-expansive monetary policy. “The development in recent weeks, the weakening of the franc, is welcome and pleasing,” Zurbruegg told the newspaper in an interview to be published on Wednesday. Key comments Swiss national bank vice-chairman says welcomes recent weakening of swiss franc – blick newspaper. SNB vice chairman says it premature to speak of long-term change in interest rates. SNB vice chairman says negative interest rates, currency market interventions remain necessary. SNB vice chairman says the central bank has spent 100 bln SFR in the past year on foreign currency interventions. Market implications Zurbruegg hinted the SNB would stick to its policy interest rate of minus 0.75% – the lowest in the world – when the central bank gives its next monetary policy update on March 25. “We can go further if the situation requires it,” he said, adding the SNB had spent 100 billion Swiss francs ($107.64 billion) on currency interventions in the past year. This is bearish for the currency that has already depreciated roughly 3% against the euro so far this year. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Price Prediction: XRP bulls to have a bumpy road ahead, $0.4910-30 guards immediate upside FX Street 1 year Reuters reported that the Swiss National Bank welcomes the recent weakening of the Swiss franc, SNB Vice Chairman Fritz Zurbruegg told Swiss newspaper Blick, although it remains premature to shift away from its current ultra-expansive monetary policy. "The development in recent weeks, the weakening of the franc, is welcome and pleasing," Zurbruegg told the newspaper in an interview to be published on Wednesday. Key comments Swiss national bank vice-chairman says welcomes recent weakening of swiss franc - blick newspaper. SNB vice chairman says it premature to speak of long-term change in interest rates. SNB vice chairman says negative interest rates,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.