Swiss Central Bank Chief: Currency Intervention Rescued Economy

Yes, as it reduced demand in the euro zone

Swiss Central Bank Chief: Currency Intervention Rescued Economy

October 12 (Nikkei) — A year after the Swiss National Bank made a direct intervention in the the foreign exchange market to halt the overvaluation of the Swiss franc, Chairman Thomas Jordan told the Nikkei in a recent interview that the move helped to stabilize the country’s economy and stave off deflation.

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