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MNI BRIEF: Model Predicts SNB Cash Buys Needed To Hit FX Level

(MNI) LONDON

The amount of foreign currency a central bank should hold in order to achieve a specific minimum exchange rate can be quantified according to a new model developed by a researcher at Germany’s Bundesbank, according to a paper published Thursday.

Markus Hertrich’s use of sight deposit data from the Swiss National Bank over various time horizons is “astonishingly good” at explaining the actual volume of the SNB’s euro purchases under its minimum exchange rate regime, it is argued.
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
HomepageSNBBundesbankPolicy NewsSwitzerlandCentral Bank NewsSwiss National Bank Market NewsCEEMEABriefStoryRegion
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
HomepageSNBBundesbankPolicy NewsSwitzerlandCentral Bank NewsSwiss National Bank Market NewsCEEMEABriefStoryRegion

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