SNB's Zurbruegg is convinced negative rates and intervention will weaken Franc

Author: Ryan Littlestone | Category: Central Banks

Comments from SNB's Zurbruegg

  • Despite slight depreciation Franc is still significantly overvalued
  • Most current survey suggests a slightly improved economic outlook and is encouraging
  • Economic developments abroad are even more crucial for Swiss exports than currency
  • Bank knows that rates to low for a prolonged period pose risk to financial stability

Same old twaddle from the SNB

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