And dig us out of our shit EUR/CHF possie
- Pressure on franc is weaker than previously
- Checking exchange rate everyday
- Franc ceiling helped counter negative consequences
- Europe has instruments to weather fiscal crisis
- Central banks can ‘win time,’ not solve problems
- ‘Strong franc’ not just up to speculators
- SNB needs ‘to be active around the clock’ on franc
- Some people betting on future franc gains
- SNB gives ‘clear limit’ on franc
- SNB is ‘sufficiently strong’ to maintain ceiling
- SNB had to expect ‘large amounts’ for interventions
- SNB needs to be aware of risks
- Is ‘convinced’ that franc cap is the right policy
- ‘No alternative’ to cap at the moment
- Capital buffer ‘could be activated’ if needed
- Will ask for activation of buffer if needed
- SNB will observe property, ,mortgage developments
- ‘No need to discuss exit at the moment’
- No reason to abolish franc ceiling
- ‘Absolutely clear’ that cap will be upheld
- Franc pressure has eased somewhat
- Swiss franc is still overvalued
Bloomberg reporting
