Comments by SNB vice president Zurbruegg
- No talk at present about reducing size of balance sheet
- Balance sheet size does not bar further interventions if necessary
- Currency market situation still fragile
- Central bank still ready to intervene in currency markets if needed
Well, by the looks of things they haven't been too active to push down the swissie as of late. If anything, it suggests that EUR/CHF sitting between 1.12 and 1.14 is a range that they're quite comfortable with considering the recent downturn in equities last month and all the geopolitical tensions going on.
