✉news BusinessBanking first seen 4 h ago, last 19 min ago, peak #14

Swiss central bank sells francs to counter haven effect

The Swiss National Bank has been selling francs in currency markets to counter a strong haven-driven demand for the currency. Safe-haven inflows push up the franc, hurting Swiss exporters and keeping inflation low, so the bank intervenes by selling francs and buying foreign currency. It highlights renewed pressure on Switzerland's monetary policy as global uncertainty drives investors toward the currency.

Why now: Global uncertainty is driving safe-haven demand for the franc, prompting central bank intervention.

Swiss National BankSwitzerlandSwiss franc

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• Swiss central bank sells francs to counter haven effect · SWI swissinfo.ch
• Swiss central bank sells francs to counter haven effect · SWI swissinfo.ch

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