Swiss National Bank's Stance on Currency Intervention

In a recent statement, Swiss National Bank Chairman Martin Schlegel emphasized the bank's readiness to step into the foreign exchange market amidst the Swiss franc's notable appreciation. "The franc has appreciated really a lot," Schlegel noted, highlighting the potential risks to price stability and the broader economy.

Current Market Situation

As of 10:28 am CET, the Swiss franc showed stability against the US dollar, trading at 1.21527. This comes as the SNB signals its proactive stance to ensure economic balance is maintained, even if it means direct intervention in the currency markets.