SNB’s Danthine: Franc cap applies ‘day and night’

  • Sees growing indications of economic stabilization
  • Risks could emerge if franc remains high
  • SNB using ‘zero tolerance’ principle on franc cap
  • Can take further steps if deflation risks require
  • The SNB’s Moser says franc ‘very high’
  • Moser: SNB ‘operatively always ready’ to buy currencies

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