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SNB Should Boost Money Supply Further, Hayek Tells Der Sonntag

Aug. 28 (Bloomberg) -- Swatch Group AG Chief Executive Officer Nick Hayek said the Swiss central bank should boost money supply further to weaken the Swiss franc, Der Sonntag reported, citing an interview.

Swiss export and tourism industries will be able to work with the franc at 1.25 to 1.30 to the euro, Hayek told the newspaper.

To contact the reporters on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net;

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