SNB Maechler: SNB willing to intervene in FX market as necessary

SNB Maechler speaking.

• Global outlook beset by uncertainty
• SNB wants to limit negative rate burden for banks
• SNB can sell reserves of monetary conditions require
• SNB willing to intervene in FX market as necessary

The EURCHF is trading near the lowest level of the year at 1.0810 (the price is tradnig at 1.0886). That is the lowest level since April 2017.