SNB spokesperson declines to touch upon Swiss franc power

At this stage, they’re put in a tricky spot. With markets dealing with excessive turbulence and dislocations, the franc has been one of many key beneficiaries – and nonetheless is. Will probably be a waste to burn their reserves in preventing again till the elemental panorama adjustments.

However the longer this persists and the extra the franc strengthens, the chance of a return to adverse rate of interest coverage is ever rising for Switzerland.

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



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