The economic slowdown in Switzerland cannot be excluded

On Friday, the Chairman of the National Bank of Swiss Bank, Martin Sheliens, warned that “the economic slowdown in Switzerland cannot be excluded.”
Additional quotes
The position of commercial policy creates the great uncertainty of all countries, including Switzerland.
Pricing stability cannot prevent uncertainty related to commercial policy, but still is very important.
Commercial policy can break up the global economy.
The main tool is the interest rate, but we can also use Forex interventions to influence cash conditions.
USD/CHF reaction to SNB Schlegel comments
As of writing, USD/CHF The apostasy is kept above 0.8300, adding 0.45 % a day.
SNB questions and answers
The Swiss National Bank (SNB) is the central bank in the country. As an independent central bank, its mandate is to ensure the stability of prices in the medium and long term. To ensure price stability, SNB aims to maintain appropriate cash conditions, which are determined at the level of interest rate and exchange rates. For SNB, price stability means an increase in the Swiss consumer price index (CPI) less than 2 % annually.
The Board of Directors of the Swiss National Bank (SNB) decides the appropriate level of the policy price according to the purpose of the price stability. When inflation is higher than the goal or is expected to be higher than in the foreseeable future, the bank will try to tame the excessive price growth by raising the policy price. The highest interest rates are generally positive for the Swiss franc (CHF) because it leads to high returns, making the country a more attractive place for investors. On the contrary, low interest rates tend to weaken CHF.
Yes. The Swiss National Bank (SNB) regularly interferes in the foreign exchange market in order to avoid estimating many other currencies against other currencies. A powerful franc franc that hurts the competitiveness of the strong export sector in the country. Between 2011 and 2015, SNB implemented the PEG for the euro to reduce the progress of CHF against it. The bank interferes in the market using its huge reserves in foreign currencies, and is usually by buying foreign currencies such as the US dollar or the euro. During high inflation rings, especially because of energy, SNB refrains from overlapping markets as a strong CHF makes energy imports cheaper, which leads to price shock for families and Swiss companies.
SNB meets once in the quarter – in March, June, September and December – to conduct a monetary policy assessment. Each of these assessments results in the decision of monetary policy and the publication of medium -term inflation.