SNB’s Zurbruegg says CHF cap is still absolutely key part of monetary policy

• CHF cap will be kept as long as monetary policy requires it
• Swiss franc still highly valued
• risk of negative inflation rates has risen
• Yes vote in gold referendum would impede SNB’s ability to act

Comments from SNB board member Zurbruegg in Rueschlikon speech echoing what he said yesterday

EURCHF steady around 1.2021