SNB adds ‘if necessary’ to forex intervention statement
The Swiss National Bank added ‘if necessary’ to its statement on readiness to intervene in forex markets.
The prior statement indicated an increased willingness to intervene, but the addition of ‘if necessary’ may suggest a less urgent stance.
The change in wording has led to weakness in the Swiss franc.
The SNB’s revised statement may imply a shift in its approach to forex intervention, potentially impacting market expectations.