ICYMI: Swiss National Bank’s Maechler says franc remains a safe haven

Swiss National Bank governing board member Andrea Maechler spoke in Zurich overnight, with comments that will be supportive of the Swiss Franc: 

  • “The pressure on the Swiss franc is still there, the currency has devalued and the overvaluation has reduced, but the franc is still a safe haven”

Additional comments also from SNB alternate governing board member Dewet Moser will not be quite so supportive!

  • ” the market situation can suddenly change. The SNB… therefore must remain alert
  • We analyse the events very closely and are ready to influence developments if necessary”

Moser being clear the SNB is ready to take action on franc moves if necessary, maybe as a balance to  Maechler

Andrea Maechler

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