SNB’s Zurbruegg made no comments on the economy nor on monetary policy

SNB’s board member Zurbruegg crossed the wires last minutes, via Reuters, speaking at a conference, where the bank released a new 20 franc note.

He made no comments on the economy nor on monetary policy.

Key Headlines:

We have a very low forgery rate

Fact remains that cash is still in high demand

Use of 1000 CHF note has declined after small rise following introduction of negative rates