SNB Chairman Jean-Pierre Roth, in an interview with Handelsblatt, has said “We do not want a further appreciation of the swiss franc, because we must prevent deflation.”
When asked what the SNB would do if the upward pressure on the franc persisted, Roth said “We stick to our policy, decidedly.”
Roth also said the bank does not give fx targets, but noted that the franc hasn’t risen further.
EUR/CHF is very marginally firmer in early European trade, presently at 1.5135.
