The US Treasury Department has added Switzerland and Ireland to a list of trading partners likely to manipulate their currencies or put in place non-tariff trade barriers.
In a position paper obtained by AWP, the guarantor of price stability maintains that the key rate is its principal means of action and that its interventions on the currency markets are calibrated to guarantee adequate monetary conditions in the country.
These interventions are aimed at fulfilling the mandate of price stability and not at establishing predefined exchange rates, the SNB continued.
The SNB continues to maintain contact with the US authorities within the framework of a “macroeconomic dialogue”, which provides an opportunity to explain Swiss monetary policy.
More
More
US puts Switzerland on watch list of trading partners
This content was published on
The United States Treasury Department places Switzerland on a watch list for currency and economic practices.
We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.
Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
If you have any questions about how we work, write to us at english@swissinfo.ch
Popular Stories
More
Climate adaptation
Why Switzerland is among the ten fastest-warming countries in the world
Has your continent reached its peak or is there still potential for economic growth?
Some regions of the world are on an upward trajectory with the promise of a steadily improving future. Where do you live? And in which direction is your region or continent developing?
This content was published on
There is no longer any danger of rockfall or landslide on the roads below the Graubünden village of Brienz, authorities say.
This content was published on
Europe’s biggest freshwater fish tastes better than its reputation, say fishermen in the French-speaking west of Switzerland.
Swiss authorities keep close eye on West Nile fever in Italy
This content was published on
Authorities are keeping a close eye on the situation after the death toll in Italy due to the disease has risen to seven.
Bern biodiversity project brings boost for forest bees
This content was published on
More sunlit areas in forests can boost the number of wild bees – both in overall terms and in terms of species diversity.
Swiss president kicks off National Day celebrations on Rütli meadow
This content was published on
Several hundred people gathered on the Rütli in central Switzerland at midday on Friday to celebrate the national Swiss holiday, before Karin Keller-Sutter addressed the crowd.
US sets deadline for Novartis and other pharma firms to lower prices
This content was published on
US President Donald Trump says he has sent letters to Swiss giant Novartis and other pharma firms calling for lower drug prices in the United States – or face retaliation.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.