- We take that into account
- Monetary conditions appropriate but not equal for all sectors
- Policy has to become more restrictive over time to ensure medium-term price stability
- Strong franc a big challenge for exporters
- Interest rates are at a low level
- Concerned about franc rise versus dollar
- Franc rise tightens monetary conditions, limits room to normalize rates
- Will have to raise rates if franc weakens considerably
- Past FX interventions came at time of big economic risks; today outlook is much better
- Retains option to intervene if economic development warrant it
Reuters takes the quote from a newspaper interview…
