Reuters picking up comments from Switzerland
- Recognises that SNB is working towards purchasing power parity
- SNB has the trust of the government
- National bank is independent
- Full brakes are on in the economy but there's no economic crisis or recession
- Says it's clear that Switzerland remains an attractive place to do business
- Says strong franc endangers price stability
- Sees certain risk of deflation
Next stop 1.20 then for EURCHF ;-)