SNB May Introduce Measures on Top of Franc Ceiling, NZZ Reports

The Swiss National Bank (SNBN) may introduce measures in addition to the franc ceiling of 1.20 per euro adopted in September, if it comes to further shocks on the currency markets, NZZ am Sonntag reported, citing SNB spokesman Walter Meier.

The central bank several months ago formed a task-force with the heads of the Federal Department of Economic Affairs and the Federal Department of Finance for emergency planning, which “examines the application of measures which go beyond the competencies of the central bank -- for instance the introduction of capital flow check,” Meier told the Zurich- based newspaper.

To contact the reporter on this story: Carolyn Bandel in Zurich at

To contact the editor responsible for this story: Frank Connelly at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.