SNB Chairman Schlegel reiterates SNB’s main tool is the policy rate, and if necessary it also uses other measures like FX intervention
ORIGINAL · NewsquawkSNB Chairman Schlegel reiterates SNB’s main tool is the policy rate, and if necessary it also uses other measures like FX interventionRead originalHide original
Switzerland is highly exposed to external economic shocks CHF has relatively strong safe-haven properties compared to other currencies Monetary policy strategy works across a broad range of circumstances The SNB has fulfilled its mandate, price stability in the medium term.
The report describes the SNB’s policy-rate-first toolkit, possible FX intervention, Switzerland’s external-shock exposure, the CHF’s safe-haven properties, and the SNB’s medium-term price-stability mandate.
News detail
Switzerland is highly exposed to external economic shocks CHF has relatively strong safe-haven properties compared to other currencies Monetary policy strategy works across a broad range of circumstances The SNB has fulfilled its mandate, price stability in the medium term.
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