SNB vice chairman Martin: We don’t interact in manipulation of the Swiss franc
- Foreign exchange market interventions could also be crucial to make sure value stability
- Present Swiss franc worth is extra right down to greenback being weak than stronger franc
- The bar for taking charges into destructive territory is greater than it’s for reducing charges when above zero
- Previous expertise reveals destructive charges have labored
- Nevertheless, they create extra challenges for banks, buyers, households
- We do not see threat of deflationary developments
- Inflation dynamics in Switzerland shouldn’t be dramatically disrupted by latest greenback actions
- We presently don’t have any motive to extend or cut back gold holdings
- Bitcoin doesn’t meet our standards for belongings
This text was written by Justin Low at investinglive.com.
Leave a Reply
Want to join the discussion?Feel free to contribute!