SNB’s Zurbruegg: Will keep ability to intervene in foreign exchange markets if needed

“It's important to keep lower interest rates than others to avoid excessive appreciation of the Swiss franc,” Swiss National Bank (SNB) Vice Chairman Fritz Zurbruegg said in an interview with Swiss newspaper l'agefi published on Wednesday.

Additional quotes

“SNB will raise interest rate "as soon as the situation requires it”.

“SNB will keep the ability to intervene in foreign exchange markets if needed to ensure price stability.”