Comments from SNB policymaker Zurbruegg in Geneva were due an hour ago but the first headline just hit. There’s been talk about negative deposit rates but it looks like there’s no appetite for a move unless the 1.20 floor in … Continue reading
Says cap is not for eternity Some models suggest franc fair value should be 1.28 – 1.30 1.28 – 1.30, that would be very nice
Europe back in recession is a big risk for Swiss
CHF 453.8 bln prev Higher reserves suggest war chest growing for defence of 1.2000 EURCHF cap. The chart below shows the extent of the steady hoarding since 2012 following their cap decision in 2011
at any time According to Rtrs reporting an interview in Frankfurter Allgemeine Zeitung published today, but comments are nothing new. Just more jawboning The minimum exchange rate remains the absolute central tool to maintain adequate monetary conditions doesn’t see interest … Continue reading
Swiss National Bank President Jordan spoke with FAZ: Minimum exchange rate is absolutely central Negative interest rates can still be applied Doubts that franc will continue to strengthen No reaction in EUR/CHF, trading at 1.2069.