The Swiss National Bank is not playing coy with regard to its willingness to employ non-traditional easing methods if monetary policy goes to zero. Yesterday it was Jordan who made the case and today it is Hildebrand who says the SNB can use FX or bond market interventions to ease. Hildebrand says he does not see inflation risks in the foreseeable future.
EUR/CHF trades in the middle of its range at 1.4820, well off earlier highs as risk aversion returned late in the day which typically boosts the Swissy much like the JPY.
