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22 Mar 2019
SNB’s Maechler: Diversification is the best fx reserve risk management tool
The Swiss National Bank (SNB) Governing Board member Andrea Maechler is on the wires now, via Reuters, noting that the diversification is the best fx reserve risk management tool.
No further comments are reported so far.
On Thursday, the SNB left the key deposit rate unchanged at -0.75% and maintained the 3-Month Libor Target Range steady between -1.25% to -0.25% at its quarterly monetary policy assessment, as widely expected.