SNB’s Hildebrand: Will use all means to prevent further appreciation of CHF

SNB’s Philipp Hildebrand has warned the bank will use all means to prevent further appreciation of the CHF. Appreciation of the currency brings with it the risk of deflation and “this must be prevented with all means” according to the SNB official.

EUR/CHF had stood around 1.5205 just ahead of the comments and has advanced to 1.5235 at writing.