- Can buy FX in unlimited quantity
- Prepared to take further measures immediately if needed
- SNB has no plans to sell it’s gold holdings
- Gold initiative harmful to SNB
“Immediately” is not something we’ve heard to much from the SNB when talking about using other measures and it does highlight that they are ready to do whatever it takes to protect the cap.
Someone might have had a sniff of the speech before hand but it’s still mainly run of the mill. EUR/CHF holding at 1.2020.
