SNB's Stance on Currency Intervention

The Swiss National Bank (SNB) has once again signaled its readiness to step into the foreign exchange market to counteract the Swiss franc's ongoing appreciation. Chairman Martin Schlegel emphasized the central bank's commitment to maintaining price stability amidst the franc's significant rise.

Impact on Economic Balance

Schlegel pointed out the potential risks posed by the franc's strength to the economy's balance, highlighting the SNB's proactive stance in safeguarding against any threats to price stability.

Current Market Status

As of 10:28 am CET, the Swiss franc remained stable against the US dollar, trading at 1.21527, showcasing the market's current equilibrium amidst the SNB's watchful eye.