Franc Falls After Minister Says Considering Capital Controls

Dec. 21 (Bloomberg) -- The franc fell against the euro and the dollar after Finance Minister Eveline Widmer-Schlumpf said a panel is considering measures, including capital controls and negative interest rates, to weaken the Swiss currency.

The franc fell 0.3 percent to 1.2218 per euro at 4:17 p.m. London time, and 0.6 percent to 93.77 centimes per dollar.

Widmer-Schlumpf was speaking at a hearing in the Swiss parliament’s lower house today.

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net