- SNB prepared to buy FX in unlimited quantities
- Franc cap necessary for foreseeable future
- Only cap can prevent tightening on of monetary conditions
- Cap achieved goal of preventing economic damage
- Risks remain despite global economic recovery in Q4
- SNB holds 6000 securities in over 10 currencies
- Investments subjected to primacy of monetary policy
Fritz Zurbruegg speaking at the money market reception in Zurich. It’s been a long long while since an SNB member has jawboned the swissy down.
