SNB official claims minimum exchange rate improves quality of market
The Swiss National Bank's (SNB) policy of pursuing a minimum exchange rate between the euro and the Swiss franc has improved the quality of the exchange rate market, according to Dewet Moser, an alternate member of the central bank's governing board.
Moser, speaking at the money market event in Zurich on March 22, revealed the central bank's policy, in place since September 2011, has brought about a "substantial" improvement in the exchange rate market.
The SNB has repeatedly said it is prepared
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