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Swiss National Bank Eyes Currency Intervention
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Swiss National Bank Eyes Currency Intervention
The Swiss National Bank (SNB) is increasingly prepared to intervene in foreign currency markets to mitigate appreciation pressure on the Swiss franc, according to SNB Chairman Martin Schlegel. Speaking at an event in Zurich, Schlegel noted the franc’s appeal as a safe-haven asset, particularly as geopolitical tensions rise in the Middle East. The SNB aims to maintain appropriate monetary conditions, using both its policy rate and foreign exchang…
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