Key facts
- Swiss National Bank does not target a specific exchange rate.
- The central bank has a greater willingness to intervene in the franc.
Swiss National Bank President Martin Schlegel has clarified the central bank's stance on currency management. He explicitly stated that the SNB does not operate with a specific exchange rate target. However, Schlegel also emphasized that the bank maintains a strong willingness to intervene in the foreign exchange market to manage the value of the Swiss franc.