Swiss National Bank sees no alternative to expansive policy to tackle Covid-19 ...Qatar

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Swiss National Bank sees no alternative to expansive policy to tackle Covid-19
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The Swiss National Bank paid no heed to being branded a currency manipulator by the United States, promising yesterday to continue an expansive monetary policy and forex interventions it said were vital to cushion the impact of the coronavirus pandemic. The central bank kept its policy interest rate locked at minus 0.75%, the world’s lowest, and said it remained willing to buy foreign currencies “more strongly”, as unanimously forecast by economists in a Reuters poll. SNB chairman Thomas Jordan said the central bank had made “considerable foreign exchange purchases this year,” but declined to give details on the level of interventions during the second half of the year. The SNB said the int

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