Further comments by SNB board member, Andrea Maechler
- Expansive monetary policy remains necessary
- Inflation pressures remain weak
The SNB has been rather active lately with their commentary (yesterday also here) as EUR/CHF flirted with a key support level just under the 1.1200 handle over the past few days. Price is now back up above the figure level as the risk-on mood is helping but you certainly can get the sense that the SNB is preparing itself in case the franc strengthens any further.
