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SNB’s Maechler: SNB will not change policy after being put on watch list by US

Andrea Maechler

Being put on the currency manipulation watchlist by the United States will not change the Swiss National Bank’s (SNB) monetary policy, SNB Governing Board member Andrea Maechler said on Wednesday, per Reuters.

“The SNB is ready to intervene in FX markets if needed,” Maechler noted and added that the SNB will end negative interest rates as soon as they are able to.

Market reaction

The USD/CHF pair largely ignored these remarks and was last seen trading at 0.9690, adding 0.08% on a daily basis.

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Eren Sengezer
Born in İzmir (Turkey), Eren Sengezer is a News Editor & Analyst at FXStreet. Receiver of “Certificate of Distinction in Study of Economics” from California State University Northridge, Eren specializes in the assessment of macro data and their potential impact on financial instruments. Before covering the American session on FXStreet, Eren worked as the Chief Editor of the FXStreet’s Turkish site for five years.
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