Schlegel Says Vigilant SNB Unrestricted on Rates, Interventions

The Swiss National Bank is closely monitoring fallout from the Iran war and can steer the franc’s exchange rate without limits if necessary, according to President Martin Schlegel.

“In uncertain times such as these, we are particularly vigilant,” he said on Friday. “We have unrestricted room for manoeuvre with regard to the SNB policy rate and foreign exchange market interventions.”