Previous post Next post

SNB can leverage its balance sheet if needed, Schlegel says

The Swiss National Bank (SNB) retains the ability to wage currency market interventions if necessary,  Martin Schlegel, one of the SNB’s alternate governing board members, said on Wednesday, according to Bloomberg.

Key quotes

The balance sheet is the result of our monetary policy. That means that if we need to loosen monetary policy we still have the room to expand the balance sheet.

There is no alternative to the SNB’s negative interest rate, currently at minus 0.75%.

The US on Tuesday added Switzerland to its watch list of currency manipulators, squeezing out whatever little room the SNB had to intervene in the FX markets to stall the rally in franc. As a result, markets put a bid under the franc, sending it to its strongest in nearly three years against the euro.

Full story here
Omkar Godbole
Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies. Omkar has a master's degree in finance and is constantly engaged in monitoring the situation on the world financial markets.
Previous post See more for 1.) FXStreet on SNB&CHF Next post
Tags:

Permanent link to this article: https://snbchf.com/2020/01/godbole-snb-leverage-balance-sheet-schlegel/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.