Swiss Government calls press conference on over-heating housing market

Author: Mike Paterson | Category: News

I’m hearing this is due at 11.00 with Finance Minister Eveline Widmer-Schlump speaking in Bern

The SNB has been raising concerns about the housing market for some time. The counter cyclical buffer is a mechanism which allows the Swiss authorities to tackle overheating in the housing market by putting in place a policy to discourage lending in the housing sector

Would thus help dampen demand and help the SNB to maintain the EURCHF base

USDCHF at 91.78.. EURCHF 1.2370 with EURUSD looking perky too