SNB’s Zurbruegg: Willing to intervene in FX market - RTRS

Swiss National Bank’s (SNB) vice chairman Zurbruegg was out on the wires last hour, via Reuters, commenting on fx market interventions and exchange rate level.

Key Headlines:

Monetary pol conditions adequate

Rapid and sharp appreciation in CHF has meant crucial we use policy that can prevent this pass through

Since financial crisis interventions in FX have been more important

SNB willing to intervene on FX markets

Credit growth still rising but less so than in recent years

Overvalued CHF puts pressure on companies

SNB will do what is necessary to fulfill mandate of price stability