Published by Global Banking & Finance Review®
Posted on March 20, 2025
1 min readLast updated: January 24, 2026
The Swiss National Bank is prepared to intervene in the forex market but denies being a currency manipulator, focusing on monetary policy.
ZURICH (Reuters) - The Swiss National Bank will continue to use foreign currency market interventions if necessary, Chairman Martin Schlegel said on Thursday, adding the central bank was not a currency manipulator.
The SNB had not used currency interventions to gain a competitive advantage for the Swiss economy in the past and would use the tool again if needed to steer monetary policy, Schlegel told a press conference after the SNB's latest interest rates decision.
"Switzerland is not a currency manipulator," Schlegel told reporters. "We will use all our tools that we have at hand."
(Reporting by John Revill, editing by Ariane Luthi)
The main topic is the Swiss National Bank's readiness to intervene in the forex market and its stance on currency manipulation.
The SNB intervenes to steer monetary policy and not to gain a competitive advantage for the Swiss economy.
According to Chairman Martin Schlegel, Switzerland is not a currency manipulator.
Explore more articles in the Finance category
