SNB Vice-Chair Hildebrand repeats the Bank will use new and far-reaching methods to ease monetary policy. The goal, he says, is to prevent a deep, lasting global economic crisis. The financial system is lacking confidence and more losses at international banks are foreseeable.
EUR/CHF trades at session highs of 1.4990 in anticipation of the SNB embracing forex intervention as one of its non-traditional tools monetary policy tools.
