Swiss economy minister says SNB working to weaken franc

September 23, 2015 8:43 AM

34 0

ZURICH, Sept 23 The Swiss government sees the country's central bank working towards bringing the Swiss franc to purchasing power parity, which is well above 1.20 francs per euro, Switzerland's economy minister told parliament on Wednesday.

"The government acknowledges that the Swiss National Bank is working hard to resolve the purchasing power relationship with respect to main markets in the European Union, and with them the euro, so that the we travel in the direction of purchasing power parity," Minister Johann Schneider-Ammann said...

Also read: UniCredit's sale of Pekao stake to have no FX market impact

Read more

To category page

Loading...