SNB chairman Schlegel: Able to intervene in foreign money markets as needed

• Swiss franc is a secure haven, it appreciates in instances of uncertainty
• SNB able to intervene in foreign money markets as needed
• Able to react to strain on the franc as properly

With EUR/CHF holding nearer to the lows for the yr, it’s telling of market sentiment relating to the franc. And that’s regardless of the SNB being forward of the curve in reducing charges earlier than the opposite main central banks this yr. Schlegel’s remarks usually are not something new although however he did earlier within the day say that they’re ready to chop charges additional once more if want be.

This text was written by Justin Low at www.ubaidahsan.com.



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