SNB Is Ready to Act on Franc, Hildebrand Tells NZZ am Sonntag
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Swiss central bank President Philipp Hildebrand said policy makers remain ready to act in case the franc’s strength increases the risk of deflation and threatens the country’s economy.
The Swiss National Bank expects the franc "to depreciate further," Hildebrand told NZZ am Sonntag newspaper in an interview conducted Nov. 2 and published today. "Should that not be the case, it could lead to deflationary developments and weigh heavily on the economy. We are ready to take further measures in case economic prospects and a deflationary development should require it."