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 if the situation demands. The Swiss franc's significant appreciation has raised concerns over price stability, prompting the SNB to consider intervention as a viable option to maintain economic equilibrium.

Current Currency Status

As of 10:28 am CET, the Swiss franc held its ground against the US dollar, with the exchange rate steady at 1.21527. This stability comes amid growing discussions about the potential impacts of the franc's strength on Switzerland's economy.

Note: The SNB's proactive stance highlights the delicate balance between fostering economic growth and ensuring price stability in the face of fluctuating currency values.