Vice Chairman Martin Schlegel said yesterday that SNB is “still willing” to be active in currency intervention. “If the Swiss franc depreciates we are ready to sell foreign exchange, if the Swiss franc appreciates strongly we are willing to buy foreign exchange,” he said.
He also noted that SNB had to “react forcefully” to fight inflation, which peaked at 3.5% last year. “The most important contribution we can do for society is to have stability-orientated policy and maintain price stability.”
