SNB can be active in FX markets if need – SNB’s Moser

FXStreet (Mumbai) - Alternate Swiss National Bank (SNB) board member Dewet Moser on Friday said the SNB has not been a passive observer of the exchange rate since it abandoned the EUR/CHF cap, back in January 2015.

He further added that the bank could be active in FX markets if needed. Moser reiterated the message echoed by other SNB policy makers that the Swiss Franc should weaken over time. At the same time, he expressed confidence that the strength in CHF would not result in the deflationary spiral. However, he did state that the economy is set to cool markedly in the first quarter.