SNB's Maechler: Franc has strong overvaluation, approximately 10% above its long term average
|Swiss National Bank Governing Board Member Maechler continues to make comments on monetary policy, with key quotes (via Reuters) found below:
- Inflation was a big reason for keeping monetary policy unchanged 10 days ago
- outlook on inflation remains fragile
- Franc has strong overvaluation, approximately 10 percent above its long term average
- SNB continues to use negative interest rates as a pillar of its monetary policy, to re-establish a traditional interest rate differential with some of our important partners
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