APRIL 15, 2026 AT 05:25 PM
SNB's Schlegel says the conflict in the Middle East has pushed up energy prices; CHF is on of the few safe havens today
Importance
Level 1
- Switzerland's exposure to external shocks has implications for our monetary policy instruments.
- We are monitoring things closely, but uncertainty is high.
- Must look out very closely for possible second round effects.
- FX interventions are not about gaining an advantage for swiss exports.