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- Swiss National Bank Vice President Jean-Pierre Danthine: the central bank is prepared to intervene in markets
Swiss National Bank Vice President Jean-Pierre Danthine: the central bank is prepared to intervene in markets
The Swiss National Bank (SNB) Vice President Jean-Pierre Danthine said in an interview with the Tages-Anzeiger newspaper published on Tuesday that the central bank is prepared to intervene in markets.
Danthine noted that some time is needed "to find a new exchange rate balance".
The volume of SNB interventions could reach about CHF100 billion in January, the SNB vice president pointed out.
The Swiss National Bank's (SNB) monetary policy data for the week ending 23 January 2015 released on Monday showed that the amount of cash commercial banks hold with the SNB rose last week. Data indicates that the central bank may have intervened after discontinuing the 1.20 per euro exchange rate floor on January 15th.
The SNB declined to comment.
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