SNB Still Has Currency Firepower to Fight ECB Policy Fallout

Updated on
  • Balance sheet could hit 120% of Swiss annual output: survey
  • Franc interventions have pushed assets to ~95% of GDP

The Swiss National Bank has room to restart major currency purchases if needed to weaken the franc before its credibility starts to suffer, according to economists in a Bloomberg survey.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.