SNB vice chairman ready to intervene in currency market if necessary

23 Jun 2020 02:08 PM

Vice Chairman of the Swiss National Bank (SNB) Fritz Zurbruegg has indicated the bank is ready to intervene in the currency market if necessary. He made many statements, the most prominent of which were:

We are not concerned that we might be called a currency manipulator.

Currency interventions are vital.

There is no limit the balance sheet of the SNB.

Monetary policy cannot mitigate the economic impact of the Coronavirus.


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