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Swiss National Bank Signals Stronger Intention to Intervene in FX Markets, Says No Specific CHF Target

2026-06-02 11:51:45

According to Jin10, Swiss National Bank Governor Karin Schlegel said on June 2 that the central bank has not set a specific exchange rate target but reaffirmed its willingness to intervene in the foreign exchange market. The SNB uses its policy rate to ensure an appropriate monetary environment and will take additional measures, including FX market intervention when necessary. Schlegel noted that rising geopolitical tensions in the Middle East have increased upward pressure on the Swiss franc, strengthening the SNB's intent to intervene.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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