Nomura: SNB to Emphasize FX Intervention Despite CHF Drop

Nomura’s European economics team expects the Swiss National Bank (SNB) to keep stressing its elevated readiness to intervene in foreign exchange markets. This stance remains in place despite the recent depreciation of the Swiss franc against major currencies.

The report suggests that the SNB’s intervention policy will continue to be a focal point for currency markets. No specific thresholds or timing were disclosed in the note.