Note

SNB’S SCHLEGEL: THE BANK HAS NO TARGET FOR THE SWISS FRANC EXCHANGE RATE

· Views 21


The Swiss National Bank (SNB) Vice President Martin Schlegel said late Wednesday, repeating the SNB’s longstanding position as regards the Swiss Franc (CHF). Schlegel stated that the central bank has no target for the exchange rate, per Bloomberg.

Key quotes

“Swiss National Bank has no target for the franc exchange rate.”

“The National Bank monitors the exchange rate closely and intervenes in the foreign-exchange market as necessary


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.