Further comments by Swiss National Bank vice-president in his Corriere del Ticino interview
- ECB measures to spur Eurozone recovery will inevitably contribute to a fall in the euro
- does not see deflation risk in Switzerland
- economy under pressure but holding up overall
Euro understandably not fazed by the comments but we can be sure that the SNB "smoothing" process will continue.
I reported earlier extracts from the interview here.
SNB's Zurbruegg says ECB easing adds to pressure on euro
