Inflation Accelerates, Swiss Franc Stability Remains

Swiss National Bank Chairman Martin Schlegel said on Friday that the Swiss Franc exchange rate has been a challenge for the Swiss economy. However, he noted that the real Franc has remained stable since 2020.

Inflation has accelerated in recent months but remains within the price stability range, according to Schlegel.

The SNB supports UBS' capital proposals submitted by the Swiss government to address problems related to the Credit Suisse crisis.