Negative interest rate is an "essential tool" – SNB’s Zurbruegg

FXStreet (Mumbai) - Swiss National Bank (SNB) vice-president, Fritz Zurbruegg was on the wires last minutes, speaking to Corriere del Ticino.

Key Quotes:

Negative interest rate is an "essential tool"

Willingness to intervene in markets is second pillar of SNB policy

If SNB had delayed giving up its cap on the franc at 1.20 v euro it would increase the cost to the economy

China and terrorist attacks could damage confidence