The Swiss National Bank (SNB) retains the ability to wage currency market interventions if necessary, Martin Schlegel, one of the SNB’s alternate governing board members, said on Wednesday, according to Bloomberg. Key quotes The balance sheet is the result of our monetary policy. That means that if we need to loosen monetary policy we still have the room to expand the balance sheet. There is no alternative to the SNB’s negative interest rate, currently at minus 0.75%. The US on Tuesday added Switzerland to its watch list of currency manipulators, squeezing out whatever little room the SNB had to intervene in the FX markets to stall the rally in franc. As a result, markets put a bid under the franc, sending it to its strongest in nearly three years against the
Topics:
Omkar Godbole considers the following as important: 1) SNB and CHF, 1.) FXStreet on SNB&CHF, Featured, newsletter
This could be interesting, too:
Martin Hartmann writes Save-the-Date: 18. Juni 2024 🥳
Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism
Douglas French writes Millennials: In Costco We Trust
The Swiss National Bank (SNB) retains the ability to wage currency market interventions if necessary, Martin Schlegel, one of the SNB’s alternate governing board members, said on Wednesday, according to Bloomberg.
Key quotes
The balance sheet is the result of our monetary policy. That means that if we need to loosen monetary policy we still have the room to expand the balance sheet.
There is no alternative to the SNB’s negative interest rate, currently at minus 0.75%.
The US on Tuesday added Switzerland to its watch list of currency manipulators, squeezing out whatever little room the SNB had to intervene in the FX markets to stall the rally in franc. As a result, markets put a bid under the franc, sending it to its strongest in nearly three years against the euro.
Tags: Featured,newsletter