Weekend SNB comments - Maechler says policy is appropriate

Member of the governing board of the Swiss National Bank Andrea Maechler speaking with a newspaper over the weekend

(Le Matin Dimanche)

Reuters with the report:

  • "In the current context, the negative interest rate remains indispensable for Switzerland. It enables us to restore, at least partially, a difference between Swiss interest rates and those abroad, thus reducing the franc's attractiveness"
  • "In the current context we are persuaded that our monetary policy based on the negative interest rate and our capacity to intervene on the currency market if needed is appropriate"

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