News Headline Summary
SNB's Zurbruegg says the CHF remains too strong and that uncertainty about Europe still makes the CB's currency cap necessary
- The CHF is overvalued even at today's exchange rate against the EUR.
- The minimum exchange rate remains the appropriate instrument for the foreseeable future to ensure price stability.
- We still have risks in Europe and therefore there are dangers of major exchange-rate movements.
11 Feb 2013 - 02:48
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