SNB's Moser says there is no need for policy change in current situation

SNB board member Moser speaking in the wake of the IMF report 26 Sept

• IMF agrees that franc is overvalued
• could imagine further lowering neg interest rates although currently happy with how they are working

IMF said CHF was moderately overvalued. SNB have previously called it significantly overvalued.

Either way they both agree intervention is justified. How cosy.

USDCHF and EURCHF still unfazed at 0.9688 and 1.0888