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

Blick am Abendis a newspaper based in Zurich. Interviewed Swiss National Bank Governing Board Member Fritz Zurbruegg.

EUR/CHF up to 1.003 (just above) again but back below 1 now as I type