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SNB’s Zurbruegg says CHF cap is still absolutely key part of monetary policy
CHF cap will be kept as long as monetary policy requires it; Swiss franc still highly valued; risk of negative inflation rates has risen; Yes vote in gold referendum would impede SNB’s ability to act; Comments from SNB board member Zurbruegg in Rueschlikon speech echoing what he said yesterday; EURCHF steady around 1.2021