UBS: Swiss Central Bank has remained quiet while lowering the euro / franc below 1.52

Yesterday, cross euro / franc fell below the psychologically important level of 1.52, and, according to analysts UBS, market participants were expecting to see any reaction from the Swiss National Bank. However, as noted in the bank, did not appear any signs of increasing nervousness central Switzerland, on the development of the situation on the currency markets. The bank believes that the Swiss National Bank is ready for the phasing-out of foreign exchange intervention in the case if the signals that the national economy out of crisis. Now the euro / franc traded at 1.5212 area.