Credit Suisse: Swiss central bank will continue to track the euro / franc

According to currency analysts Credit Suisse, the Swiss National Bank will continue to be vigilant due to the fact that long-term uptrend of the national currency remains in force. As noted in the bank, the strengthening of the Swiss franc is similar tightening of monetary policy. The bank believes that the central bank of Switzerland, most likely, will continue to seek to intervene in currency markets if necessary, per se. In addition, the Bank believes that further reduction in euro / franc may postpone raising rates in the near future. Bank strategy notes that just the euro / franc in terms of purchasing power parity 1.40. Currently, the euro / franc traded at 1.4633.