Swiss government did not ask for a new Franc cap - Widmer-Schlumpf

FXStreet (Mumbai) - Swiss government’s Widmer-Schlumpf said today that the government has not asked for a new EUR/CHF floor, while stating that the Swiss National Bank, being an independent entity, should not accept instructions.

He further stated that the government is monitoring the negative interest rates introduced by the SNB, while adding that Passing of negative rates should not be prevented as not to hinder monetary policy transmission.