SNB must guard against currency appreciation-OECD

The monetary policy of the Swiss National Bank (SNB) is currently appropriate for domestic economic conditions, but the SNB must monitor the effect of European Central Bank (ECB) rate policy on exchange rates and guard against too sharp a rise in the Swiss franc against the euro that could hurt growth, the Organisation for Economic Cooperation and Development (OECD) said Thursday.

"The present monetary policy stance being broadly appropriate to produce balanced growth, the SNB should guard aga

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