Bloomberg News

SNB May Introduce Measures on Top of Franc Ceiling, NZZ Reports

May 27, 2012

The Swiss National Bank (SNBN) may introduce measures in addition to the franc ceiling of 1.20 per euro adopted in September, if it comes to further shocks on the currency markets, NZZ am Sonntag reported, citing SNB spokesman Walter Meier.

The central bank several months ago formed a task-force with the heads of the Federal Department of Economic Affairs and the Federal Department of Finance for emergency planning, which “examines the application of measures which go beyond the competencies of the central bank -- for instance the introduction of capital flow check,” Meier told the Zurich- based newspaper.

To contact the reporter on this story: Carolyn Bandel in Zurich at cbandel@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus