The President of the Swiss National Bank said the strong Swiss franc was one factor influencing the SNB’s decision to cut its interest rate to zero. Martin Schlegel also said that Switzerland was ready to intervene in the FX market if necessary. Schlegel spoke with Bloomberg’s Bastian Benrath in Zurich.
00:00 – SNB interest rate decision
00:58 – Swiss franc, currency
01:52 – Oil prices, inflation, effect on economy, intervention in FX market, monetary policy
04:55 – Tariffs, trade, impact on Swiss economy
06:01 – SNB president doesn’t comment on forecast for rates below zero
——–
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