SNB’s Maechler: Policy rests on negative interest rates, readiness to intervene

Key quotes

SNB is never under pressure, plans to discuss potentially revised current prognosis for moderate global economic growth in 2 weeks.

SNB policy rests on negative interest rates, readiness to intervene.

The world is flooded with significant savings, but little readiness to invest those savings.

Intervention in forex markets helps keep the lid on the Swiss franc.