SNB Warned of Strength in CHF, Pledged to Curb Appreciation

The SNB in December reiterated its commitment to maintain the currency ceiling at CHF 1.2 per euro, stating that the central bank "stands ready to enforce the minimum exchange rate, if necessary, by buying foreign currency in unlimited quantities, and to take further measures as required".

Read the original:
SNB Warned of Strength in CHF, Pledged to Curb Appreciation