The Swiss National Bank released a statement after the gold referendum was defeated 77% to 23%.
“The Swiss National Bank is pleased to hear of the outcome of the gold initiative vote,” it reads. ” An acceptance of the initiative would have severely constrained the SNB in fulfilling this mandate.
The statement also refers to the Swiss franc cap and repeats recent rhetoric from the central bank, including the warning that it will take measures ‘immediately’ if required.
The SNB will continue to enforce the minimum exchange rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities to this end. The SNB will take further measures immediately if required.
There’s nothing new here.
