SNB vice chair Zurbruegg out on the wires 16 Nov
- mon pol conditions adequate
- rapid and sharp appreciation in CHF has meant crucial we use policy that can prevent this pass through
- since financial crisis interventions in FX have been more important
- SNB willing to intervene on FX markets
Willing, able and currently very involved as EURCHF remains underpinned again above 1.0700 and USDCHF holds above 1.0000
- credit growth still rising but less so than in recent years
- overvalued CHF puts pressure on companies
- SNB will do what is necessary to fulfil mandate of price stability
