US EditionSwiss National Bank Denies Currency Manipulation After Being Put on U.S. Watch List
- The Swiss National Bank asserted on June 6, 2025, that it remains committed to intervening in foreign exchange markets as necessary amid allegations of currency manipulation.
- This announcement followed Switzerland's addition to a U.S. Treasury watchlist identifying countries with potentially concerning trade practices, including currency manipulation claims.
- The SNB denied manipulating the franc for unfair advantages, emphasized its focus on economic interests, and continued discussions with U.S. Authorities to clarify monetary policy and inflation targets.
- In May, Swiss inflation dropped to its lowest level in four years with prices falling by 0.1%, while the Swiss National Bank's foreign exchange interventions in 2024 amounted to roughly $1 billion, significantly under the limit corresponding to 2% of GDP as outlined by the U.S. Treasury.
- Economic analysts remain wary given the present U.S. Government environment but generally agree that the Treasury report is unlikely to lead to major shifts in the SNB’s monetary strategy or market activities.
18 Articles
18 Articles
The Swiss National Bank (SNB) has made it clear that it is not involved in the manipulation of the Swiss franc.This statement came on Friday, just after the United States included Switzerland on a list of countries under surveillance for alleged unfair practices in currency and trade.According to the original report, SNB was very categorical in its response.The U.S. Treasury Report puts Switzerland in the spotlightOn Thursday, the U.S. Treasury …
Swiss National Bank denies currency manipulation after being put on U.S. watch list
The Swiss National Bank said on Friday it would intervene in foreign currency markets where necessary to keep inflation on track after the United States added Switzerland to a list of countries being monitored for unfair currency and trade practices.
The Star Kuala Lumpur
theedgemalaysia.comSwiss National Bank denies currency manipulation after being put on US watch list
ZURICH: The Swiss National Bank does not engage in currency manipulation, the central bank said on Friday, after the United States added Switzerland to a list of countries being monitored for unfair currency and trade practices.
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