SNB’S Zurbruegg: No fixed limit on balance sheet - Bilan

In an interview in Bilan Magazine, SNB board member Zurbruegg reiterated the rhetoric that the CHF still remains significantly overvalued.

Key Headlines via Bloomberg:

CHF still significantly overvalued

Strong turbulence on financial markets and higher political risks could cause further CHF appreciation

Economic growth and price developments will determine when SNB can normalize policy

SNB does not wish to increase or reduce its gold holdings

Too much pressure is being put on CBs to spur economies

There’s no limit to expanding the balance sheet