SNB's Maechler: Negative rates, FX intervention having desired effect but CHF still significantly overvalued
|SNB’s governing board member Andrea Maechler was on the wires, via Reuters, highlighting that the central bank still have room for maneuver to lower interest rates further “if necessary”, she adds.
Key headlines
- Willingness to intervene in foreign exchange market as necessary constitutes a key element of our current monetary policy
- We still have some room for manoeuvre to lower interest rates further if necessary
- Says continuing to see strong aversion to risk among domestic investors, contributes significantly to franc strength
- Says SNB active around the clock in FX market, carrying out virtually all our foreign exchange transactions on electronic platforms
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.