SNB Vice President Antoine Martin said the bank stands ready to intervene in foreign‑exchange markets to curb franc strength.
SNB kept its policy rate at 0% in the latest meeting, confirming continued monetary easing stance.
The SNB backed the Federal Council’s proposal to raise UBS Group AG’s capital requirements, potentially adding billions to its obligations.
Since the Iran conflict began, the franc has weakened versus the euro (+0.01%) and dollar (‑0.12%).