- The Swiss National Bank opposes the referendum on boosting gold reserves
- The SNB says a yes-vote would put at risk its efforts hold down the Swiss franc against the euro
SNB board member Fritz Zurbruegg was quoted in Switzerland’s Corriere del Ticino newspaper:
- “If the initiative goes through, our capacity to intervene on currency reserves will be reduced dramatically, with unfavourable consequences for the Swiss economy.”
- “The threshold has been crucial and needs to remain in place for as long as necessary”
