SNB’s zurbruegg in newspaper Blick – Headlines via Reuters :
- Tells newspaper all monetary policy options open following removal of franc cap
- SNB would have racked up 100 bln CHF in forex interventions in January alone to defend cap
- Had considered all options for cap, including linking franc to euro and US dollar
- Too early to predict whether Switzerland will enter recession; economic impact depends on franc value
- Says no indication of deflationary spiral in Switzerland
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Blick am Abendis a newspaper based in Zurich. Interviewed Swiss National Bank Governing Board Member Fritz Zurbruegg.
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EUR/CHF up to 1.003 (just above) again but back below 1 now as I type