EUR/CHF purchasing power parity well above 1.20 – Swiss Economic Minister

FXStreet (Mumbai) - The Swiss Economic Minister was on the wires today stating the purchasing power parity of the EUR/CHF is well above 1.20 and the Swiss National Bank (SNB) is working towards the same.

Key Quotes

Strong franc endangers price stability

Certain risk of deflation

It is clear that Switzerland remains an attractive place to do business