SNB’s ‘dirty intervention’ continues
BERN - The Swiss National Bank (SNB) last week warned it will continue to intervene in currency markets to prevent the appreciation of the franc.
At its quarterly monetary policy conference on Thursday (June 18), the central bank affirmed it would keep its target range for the three-month London interbank offered rate fixed at between 0% and 0.7% and ensure the Swiss franc does not appreciate against the euro through further foreign exchange purchases.
"The situation is gradually normalising
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