SNB Vice Chairman Fritz Zurbruegg said in an even in Zurich that recent developments have shown that “the currency markets remain fragile”. And that could lead to “safe have flows in the Swiss Franc”.
And that means, the central bank’s current ultra loose monetary policy with negative interest rate is justified. And SNB stands ready to intervene when necessary.
Some analysts tipped 1.2 as a level where SNB would start being active in intervention.
