SNB Governing Board member Andrea Maechler said the central bank is maintaining negative interest rates. And it’s ready to intervene in the forex markets.
She clarified that “our mandate is not to defend the Swiss franc, but price stability.” However, she added that”we are a small, open country, which means the exchange rate is important for our monetary conditions and is linked to prices.”
Also, “we have seen that if the franc is too strong, inflation goes negative”.
