The Swiss newspaper Neue Zuercher Zeitung reports the comments of Andrea Maechler, member of the Executive Board of the Swiss National Bank (SNB), made in an interview on Saturday.
“The reinforcement would be much more pronounced if we were not ready to intervene more. Currently, all safe havens are under pressure to appreciate, alongside the franc, the dollar and the yen. “
“Our interventions are currently necessary to further remove the damage from the Swiss economy.”
As the EUR / CHF cross reached the 1.0500 level last week, Maechler was asked: “Is the SNB currently setting a new informal minimum rate?”
He replied, “No. We are looking at the whole monetary situation. Of course, the euro The exchange rate is important due to the close trade relations with Europe. We also take into account other currencies. “