Central bank's credibility was vital to introducing minimum rate, says SNB’s Schlegel

Swiss flag

The Swiss National Bank (SNB) will continue not to tolerate an exchange rate below Sfr1.20 to the euro – a policy that is only possible because of the credibility of the central bank, according to Martin Schlegel, head of foreign exchange and gold at the SNB.

Speaking at the FX Invest Europe conference in Zurich this morning, Schlegel stressed the decision to introduce a minimum rate against the euro on September 6 was not taken lightly – and was only decided after various monetary easing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: