A national flag flutters from the Swiss National Bank (SNB) building in Bern, Switzerland. REUTERS/Denis Balibouse/File Photo
PARIS: The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group AG.
“Current market conditions indicate an elevated risk of SNB intervention,” Florian Germanier, Maxime Botteron and Constantin Bolz said last Wednesday in an emailed note. “With the likelihood of SNB foreign-exchange purchases rising, we believe the risks to franc are now more skewed to the upside.”
