SNB chairman Schlegel: Swiss franc rise poses risk to price stability

Remarks by SNB chairman, Martin Schlegel, after the policy decision earlier As such, our willingness to intervene has increasedThe upward pressure on the franc has increased once againThe franc is sought after as a safe haven in times of uncertaintyIt is 2.5% stronger on a trade-weighted basis since the middle of DecemberWe are ready to counter a rapid… As such, our willingness to intervene has increased The upward pressure on the franc has increased once again The franc is sought after as a safe haven in times of uncertainty It is 2. As such, our willingness to intervene has increased The upward pressure on the franc has increased once again The franc is sought after as a safe haven in times of uncertainty It is 2.5% stronger on a trade-weighted basis since the middle of December We are ready to counter a rapid and excessive rise of the franc currency Appreciation of franc in recent weeks is typical during times of uncertainty… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.