Comments made in newspaper article
There had been media talk recently that the Swiss government was pressuring the SNB to move to a 1.2500 peg. Doesn’t seem as though the bank has any interest in any of that old toffee.
- Welcomes easing of pressure on swiss franc (bet he does….ker-ching)
- Swiss property market is still too strong and not sustainable, further measures may be needed
- Swiss deflation is expected to continue for several months
EUR/CHF marginally firmer on the day, up at 1.2400 from the 1.2380 which greeted me having been up as high as 1.2413 at one stage. UK clearer notable buyer this morning apparently.
