22 Jan 2015
SNB's Zurbruegg: All policy options open following removal of CHF cap
FXStreet (Bali) - SNB’s Governing Board Member Fritz Zurbruegg crossed the wires via Reuters, following an interview with the newspaper Blick am Abendis, noting that all monetary policy options remain open following the removal of the CHF cap.
Headlines via Reuters
Tells newspaper all monetary policy options open following removal of franc cap
SNB would have racked up 100 bln CHF in forex interventions in January alone to defend cap
Had considered all options for cap, including linking franc to euro and US dollar
Too early to predict whether Switzerland will enter recession; economic impact depends on franc value
Says no indication of deflationary spiral in Switzerland
Headlines via Reuters
Tells newspaper all monetary policy options open following removal of franc cap
SNB would have racked up 100 bln CHF in forex interventions in January alone to defend cap
Had considered all options for cap, including linking franc to euro and US dollar
Too early to predict whether Switzerland will enter recession; economic impact depends on franc value
Says no indication of deflationary spiral in Switzerland