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SNB stuns market with franc action

Franc plunges against the euro after central bank sets a minimum exchange rate target but analysts fear the move could trigger a currency war

Bold move by central bank seen as high risk

The SNB’s decision to buy foreign currency to combat the overvaluation of Swiss franc has brought positive results but the action is high risk

Business warns strong franc remains threat

Exchange rate is particularly important for Switzerland as a small, open economy with scant natural resources and a dependence on trade

Profile: Philipp Hildebrand

A controversial choice because of his background and relative youth, Philipp Hildebrand gained reputation for readiness to speak out

Swiss tried to put ceiling on franc before

Tuesday was not the first time that Switzerland tried to put a ceiling on the the currency’s appreciation. The central bank took similar action in 1978

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Comment and analysis

Global economy: Desperate measures

Swiss move to defend the franc from investors seeking safety reflects the fear stalking the markets – and policymakers’ dwindling armoury

The SNB’s measures will work for now

The Swiss central bank’s actions to weaken the franc will work for now but they may need to consider more draconian measures such as capital controls

Swiss franc: war on currency

The central bank’s attempt to protect exporters is worthy, but has destabilising implications for domestic prices

Switzerland’s soaring franc: Hard to get a grip

The Alpine nation is battling to curb a rise in its currency. Sound stewardship of the economy is now being punished, writes Haig Simonian

Currency loss forces Swiss bank into spotlight

For the first six months of last year the Swiss National Bank, which unusually for a central bank is privately owned, gambled hugely on the currency markets

Saving Switzerland from the Swissie

The Swiss National Bank had little option but to act, decisively and radically

Calls for action on yen and Swiss franc

September looks to be a busy month for currency traders at SNB and BoJ

The Swiss enter Alice in Wonderland territory

The hope is that shock therapy will push market rates into such negative terrain, foreigners will not want to hold francs

More stories

Fears over ‘currency wars’ resurface

Surge of Swiss interest in French chalets

Swiss economy continues robust growth

Swiss franc advances as SNB steps back

Move to curb Swiss franc’s rise backfires

Talk mounts of euro peg to rein in Swiss franc

Haven shows signs of being on the slide

Swiss franc falls on intervention concerns

Strong franc squeezes Swiss business

Swiss central bank considers euro peg

Swiss central bank battles to rein in franc

Swiss ministers meet over surging franc

Swiss change tack to fight franc’s rise

Swiss franc tumbles as SNB cuts rates

Surging franc hits Swiss exporters

Swiss franc outshines rival haven currencies

Fingers burnt at SNB

Swiss pay heavy price for currency strength