- Franc gains weren’t manageable for Swiss economy
- Franc appreciation has been ‘significant’
- Franc cap is necessity for Swiss economy
- Don’t need extra instruments at the moment, only needed if things get worse
- Foreign exchange interventions can be unlimited
- Negative rates one measure that could be used
As you were. Sounds like the Swiss authorities are content to support the EUR/CHF 1.2000 peg for the foreseeable future. The cross trades at a steady 1.2010.
