Swiss talk tough on franc appreciation

The Swiss National Bank has warned that it will continue to intervene in currency markets to prevent the appreciation of the franc.

At its quarterly monetary-policy conference on Thursday, the central bank affirmed that it would keep its target range for the three-month London interbank offered rate fixed at between 0% and 0.7% and ensure that the Swiss franc does not appreciate against the euro through further foreign exchange purchases.

"The situation is gradually normalising, although it r

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