SNB's Zurbruegg says cbank ready to act to support economy if necessary

From reuters.com

The Swiss National Bank is prepared to take additional measures to protect the Swiss economy should a further slowdown make it necessary, a policymaker was quoted as saying on Sunday. SNB board member Fritz Zurbruegg, however, did not specify what action the bank might take. After investors flooded into the Swiss franc to seek refuge from the euro zone debt crisis, the SNB set a cap of 1.20 francs to the euro in September 2011 to safeguard the Swiss economy against deflation and recession. Zurbruegg, who joined the SNB at the start of August, said there had been a general weakening of the global economy this year ... (full story)