Swiss National Bank Reaffirms It Has No Specific Exchange Rate Target but Stands Ready to Intervene
Martin Schlegel, President of the Swiss National Bank, restated the central bank's policy of not targeting any particular exchange rate while noting greater willingness to intervene in the franc.
rte.ieMartin Schlegel, President of the Swiss National Bank, said the central bank does not target a specific exchange rate. He repeated the institution's position that it maintains a greater willingness to intervene in the franc. The statement came in remarks attributed directly to Schlegel and reported by @business.
No additional dates, figures, or policy changes were specified in the account. The Swiss National Bank has maintained this stance on exchange-rate policy without setting numerical targets for the franc's value against other currencies.
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