In an interview in Bilan Magazine, SNB board member Zurbruegg reiterated the rhetoric that the CHF still remains significantly overvalued.
Key Headlines via Bloomberg:
CHF still significantly overvalued
Strong turbulence on financial markets and higher political risks could cause further CHF appreciation
Economic growth and price developments will determine when SNB can normalize policy
SNB does not wish to increase or reduce its gold holdings
Too much pressure is being put on CBs to spur economies
There’s no limit to expanding the balance sheet
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