SNB’s Zurbrügg lays out considerations around interventions
Vice-chairman of governing board says there is no ‘one-size-fits-all’ method
There is no 'one-size-fits-all' method of determining the need to intervene in the foreign exchange market, nor a best way of doing so, a top Swiss official said today (January 13).
Fritz Zurbrügg, vice-chairman of the Swiss National Bank's (SNB's) governing board, noted the central bank has purchased foreign currency amounting to nearly Sfr500 billion ($496 billion) since 2009.
Interventions come with "considerable risks", though, he warned, in a speech in Berne. These include the risk of
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