Home Forex Exchange SNB Maechler: SNB is never under pressure. Will discuss current prognosis in 2 weeks – ForexLive

SNB Maechler: SNB is never under pressure. Will discuss current prognosis in 2 weeks – ForexLive

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SNB not in any hurry to cut (although they don’t like their currency getting hurt)

SNBs Maechler is on the wires saying:

  • SNB is never under pressure, plans to discuss potentially revised current prognosis for moderate global economic growth in 2 weeks
  • SNB policy rests on negative interest rates, readiness to intervene
  • The world is flooded with significant savings, but little readiness to invest those savings
  • Intervention in forex markets helps keep the lid on the Swiss franc
  • In talks with US officials over SNB policy of negative interest, readiness to intervene

Recall that the US put the Switzerland on watch as being a currency manipulator a month or so ago.
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