SNB vice chairman Martin: We don’t interact in manipulation of the Swiss franc

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  • 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.

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