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21.06.2010, 16:29:05 PM
by Anonymous
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The Swiss National Bank will take all measures necessary to preserve price stability, according to Chairman Philip Hildebrand. Speaking before an audience in Zurich on Monday, the central banker repeated his commitment to preventing inflation even if it means intervening against to weaken the Swiss Franc. “The SNB would do whatever it takes to fight deflation and safeguard price stability in the medium and longer term,” said Hildebrand. Given that the comments are repeats of those made in previous weeks, FX hasn’t reacted much with EUR/CHF last trading lower by 10 pips at 1.3721.
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