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SNB "not anywhere close" to changing policy - Maechler

ZURICH, June 28 (Reuters) - The Swiss National Bank “is not anywhere close” to starting a normalisation of its expansive monetary policy, governing board member Andrea Maechler said on Monday.

The central bank has not started to reduce its vast balance sheet, Maechler told a UBS economics event, adding the SNB did not have a settled sequence of actions it would take when it decided to change course. (Reporting by John Revill; Editing by Michael Shields)

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