The risks are justified: SNB's Hildebrand

The current crisis is the most complex and the most serious of the post-war period, and demands unconventional action from the Swiss authorities, said Philipp Hildebrand, a member of the governing board at the Swiss National Bank (SNB).

"The SNB is very well aware that the determined route it is pursuing in fighting this historic crisis is associated with long-term risks," Hildebrand said. "At the same time, it is firmly convinced that the risks involved in not following this course would be

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