Swiss central bank reaffirms no exchange rate target

The Swiss National Bank (SNB) has reiterated its commitment to a flexible exchange rate policy, signaling that it will not actively target a specific level for the Swiss franc. This stance suggests the central bank is prioritizing inflation control over currency management. While the SNB has intervened in the past to curb franc appreciation, its current focus appears to be on maintaining price stability. This approach could lead to continued volatility in the franc, impacting Swiss exporters and importers.