The Swiss National Bank (SNB) wants to continue to act against the strengthening of the Swiss franc.
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The central bank is ready to intervene more in the currency markets, said SNB President Thomas Jordan at a conference on Wednesday.
In view of the demand for francs as a safe haven during the coronavirus crisis, in addition to interventions, negative interest rates are currently of particular importance. If necessary, the SNB has scope to further lower interest rates. At the moment, however, the level of minus 0.75 percent is appropriate. The franc is highly valued. A strong franc damages the export-dependent Swiss economy.
Zurich (awp / sda / reu)
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