SNB’s Hildebrand ready to intervene in Swiss franc market
The Swiss National Bank (SNB) has said it is ready to take further action to weaken the Swiss franc if the economic outlook for Switzerland continues to deteriorate.
In the Sunday edition of Swiss daily, NZZ am Sonntag, Philipp Hildebrand, chairman of the SNB, said the [Swiss] franc was still "highly valued" against the euro at the current exchange rate, and that the central bank expected to weaken it "further" over time. "If that was not the case, it could lead to deflationary trends and weigh
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