SNB's Zurbruegg: Situation on FX market remains fragile

While speaking at an economic forum in Landquart, Switzerland, the Swiss National Bank's Vice-Chairman Fritz Zurbruegg said that the situation in the forex markets was still fragile to reiterate Chairman Jordan comments from last week.

Key quotes (via Reuters)

• Uncertainties have risen of late, including protectionism, Brexit, Italy.
• Outlook for Swiss economy favourable.
• Highly valued swiss franc remains a risk.
• Inflationary pressure remains slight.
• Interest rate differentials important for exchange rates.
• Current monetary policy remains appropriate.
• Heightened uncertainty, highly valued franc, low inflation pressure and global low rates warrant expansive policy.