SNB's Maechler: We are not in a position of even considering to shrink balance sheet

SNB's Maechler

• Negative interest rates and FX intervention will remain a pillar until we decide to change it
• Very unlikely we can raise rates while rates around us can stay low around us
• We have no intention to sell gold, we have not intention to buy gold, we feel stockpiles now sufficient

That's crystal clear. No change coming.