SNB Intervened Aggressively to Weaken Franc and Pledged to Continue So

<p>SNB left the monetary policy unchanged in June. Meanwhile, the members reiterated the commitment to intervene in the currency market as Swiss franc has remained “highly valued”. Economic and inflation forecasts for this year were sharply downgraded as a result of the coronavirus pandemic and related restrictive measures . On economic developments, SNB noted that […]</p>
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