SNB DANTHINE: Enforcing minimum fx rate with utmost determination

Market news

31 May 2012

SNB DANTHINE: Enforcing minimum fx rate with utmost determination

Prepared to buy unlimited amount of foreign currency

SNB ready to take further measures any time if needed
Economic situation does not allow firmer monetary policy
See no risk of inflation in foreseeable future
Low interest rates risk for stability of fin system
Current interest rate, minimum fx rate both vital

SNB DANTHINE: Enforcing minimum fx rate with utmost determination

Eurozone: Harmonized CPI, Y/Y, May +2.4% (forecast +2.5%)

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