- Cap prevented threat of an economic downturn
- Cap is not there to fine tune the economy, but doesn’t rule out further measures if needed
- See ‘very low’ growth in coming quarters, but no recession in Switzerland, still sees economic growth this year at 1%
- Still much to be done on ‘too-big-to fail’
Comments made by the SNB chief in an interview with Tages-Anzeiger (Bloomberg headlines)
EUR/CHF sits around 1.2048
