- Currency cap is extreme measure, cannot be set up for any desired level free of risk
- Can take further measures, if deflation risk and economic outlook so require
- Reasons for confidence in Swiss economy but still sees risks
- Sees potential for downside risks to price stability if franc does not weaken further as expected
- Sees no inflation risk for foreseeable future, threat of deflation kept in check
- Swiss interest rates likely to remain low for a while, carries risk of longer-term imbalances
EUR/CHF cops a deaf’un to the comments, unchanged on the day at 1.2014.
