24 Jun 2023, 18:26 · Views 56

Swiss National Bank (SNB) governing board member Andrea Maechler said on Thursday, “SNB has sold forex in recent quarters.”

Further comments

“We will also sell foreign currency in the future if this is appropriate for monetary policy.”
“We also remain ready to buy forex if there is excessive appreciation pressure on the Franc.”

SNB’s Jordan: We cannot rule out further monetary policy tightening
SNB raises key deposit rate by 25 bps to 1.75%, as expected

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SNB’S MAECHLER:CENTRAL BANK HAS SOLD FOREX IN RECENT QUARTERS

Swiss National Bank (SNB) governing board member Andrea Maechler said on Thursday, “SNB has sold forex in recent quarters.”

Further comments

“We will also sell foreign currency in the future if this is appropriate for monetary policy.”
“We also remain ready to buy forex if there is excessive appreciation pressure on the Franc.”

Related reads

SNB’s Jordan: We cannot rule out further monetary policy tightening
SNB raises key deposit rate by 25 bps to 1.75%, as expected

SNB’S MAECHLER:CENTRAL BANK HAS SOLD FOREX IN RECENT QUARTERS

Swiss National Bank (SNB) governing board member Andrea Maechler said on Thursday, “SNB has sold forex in recent quarters.”

Further comments

“We will also sell foreign currency in the future if this is appropriate for monetary policy.”“We also remain ready to buy forex if there is excessive appreciation pressure on the Franc.”

Related reads

SNB’s Jordan: We cannot rule out further monetary policy tighteningSNB raises key deposit rate by 25 bps to 1.75%, as expected

“We will also sell foreign currency in the future if this is appropriate for monetary policy.”
“We also remain ready to buy forex if there is excessive appreciation pressure on the Franc.”

SNB’s Jordan: We cannot rule out further monetary policy tightening
SNB raises key deposit rate by 25 bps to 1.75%, as expected