SNB's Maechler: Negative rates and FX interventions needed to to relieve pressure on franc

SNB policymaker, Andrea Maechler, comments

• We still see inflation staying below 1%
• Expansionary monetary policy is absolutely needed

Pandemic or not, the SNB pretty much have their hands tied and if the ECB can't even move an inch at the moment, there is no chance for the SNB to do so in any case.

The remarks above are things they have been reiterating for the longest of time now.