SNB Can Intervene in FX Market Again If Needed, Schlegel Says

The Swiss National Bank President, Martin Schlegel, discusses the recent interest rate cut due to lower inflation pressures. He explains the factors behind disinflation, such as energy and food prices, and the importance of timely monetary policy. Schlegel addresses the potential for negative interest rates and the Swiss franc's role as a safe haven amid geopolitical risks. He emphasizes the bank's mandate for price stability and readiness to intervene in the FX market if necessary. Schlegel also reflects on the removal of the Euro Swiss floor, highlighting the challenges and strategies involved.

What was the rationale behind the Swiss National Bank's decision to cut interest rates in December?

What factors contributed to the disinflation observed by the Swiss National Bank?

How does the Swiss National Bank view the possibility of negative interest rates?

What measures does the Swiss National Bank consider in response to geopolitical risks?

How does the Swiss National Bank assess the strength of the Swiss franc?

What is the Swiss National Bank's mandate regarding price stability?

Can you describe the significance of the removal of the Euro Swiss floor?