Skip to content
Subscriber Only

SNB Won’t Cut Balance Sheet on Franc Risks, Danthine Tells Temps

The Swiss National Bank has no immediate plans to reduce the size of its balance sheet because that would renew pressure on the franc, Vice President Jean-Pierre Danthine said.

“We can see reducing our balance sheet once macroeconomic circumstances and the requirements of monetary policy allow us to sell foreign currencies and buy back francs,” Danthine said in an interview with newspaper Le Temps, published today. “But I repeat that such a scenario isn’t imminent.”