Swiss National Bank sets minimum exchange rate at CHF 1.20 per euro The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development. The Swiss National Bank (SNB) is therefore aiming for a substantial and sustained weakening of the Swiss franc. With immediate effect, it will no longer tolerate a EUR/CHF exchange rate below the minimum rate of CHF 1.20. The SNB will enforce this minimum rate with the utmost determination and is prepared to buy foreign currency in unlimited quantities. Even at a rate of CHF 1.20 per euro, the Swiss franc is still high and should continue to weaken over time. If the economic outlook and deflationary risks so require, the SNB will take further measures.
Jest to zastanawiające w kontekście tego fragmentu jednego z analityków:
FX peg to EUR The loss of monetary policy independence involved with a peg makes thisoption extremely unlikely. Furthermore, as it would require a constitutional change via a referendum, we doubt the Bank would seriously consider it. Moreover, this option has been rejected by Economy Minister JohannSchneider-AmmannDecyzja SNB to nie jest jednak powiązanie EURCHF na sztywno a jedynie kurs minimalny. Całkiem możliwe że tym prawnym fortelem obeszli zapisy konstytucji.