Politics
SNB Keeps Up Franc Intervention Threat With Rate Held at Zero
Key Points
Central Banks SNB Keeps Up Franc Intervention Threat With Rate Held at Zero The Swiss National Bank retained its heightened readiness to sell the franc, guarding against renewed geopolitical turmoil in a decision that also left borrowing costs unchanged. Policymakers led by President Martin Schlegel restated their “increased” willingness to intervene in the currency, a line they have used repeatedly since the Iran war broke out.
Central Banks
SNB Keeps Up Franc Intervention Threat With Rate Held at Zero
The Swiss National Bank retained its heightened readiness to sell the franc, guarding against renewed geopolitical turmoil in a decision that also left borrowing costs unchanged.
Policymakers led by President Martin Schlegel restated their “increased” willingness to intervene in the currency, a line they have used repeatedly since the Iran war broke out.