SNB’s Maechler: Policy rests on negative interest rates, readiness to intervene

Dhwani Mehta FXStreet

Swiss National Bank (SNB) governing board member Andrea Maechler said on Tuesday, the central bank is ready to intervene when necessary.

Key quotes

SNB is never under pressure, plans to discuss potentially revised current prognosis for moderate global economic growth in 2 weeks.

SNB policy rests on negative interest rates, readiness to intervene.

The world is flooded with significant savings, but little readiness to invest those savings.

Intervention in forex markets helps keep the lid on the Swiss franc.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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