SNB president in an interview with the WSJ but just being headlined on BBG.
- cap remains right tool for foreseeable future
- Swiss franc remains highly valued
- won’t rule out any options to defend the cap but won’t automatically react to ECB policy*
- need time to see if property buffer works
* Not new but worth keeping in consideration given the talk on negative interest rates
USDCHF and EURCHF once again unimpressed with the repeated rhetoric at 0.8836 and 1.2190 respectively.
Full article here but gated
