Following the Swiss Nation Bank (SNB) monetary policy announcement, Chairman Jordan said that there is strong appreciation pressure on the franc during times of uncertainty while speaking at the post-policy press conference.
The SNB board member Andrea Maechler also commented on the exchange rate value, citing that it remains highly valued.
Further comments
“Had we not intervened; the franc would have appreciated significantly more.”
“A stronger appreciation would have placed an additional burden on the economy.”
“Trade-weighted franc is 1.5% stronger than in June.”
Related reads
- SNB leaves key rate unchanged at -0.75%
- USD/CHF hangs near multi-year lows, moves little post-SNB
Share
