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PRESS RELEASE

Statement of the Governing Council of the ECB on the decision of the Swiss National Bank

6 September 2011

The Governing Council of the European Central Bank has been informed by the Swiss National Bank about its decision to “no longer tolerate a EUR/CHF exchange rate below the minimum rate of CHF 1.20.”

The Governing Council takes note of this decision, which has been taken by the Swiss National Bank under its responsibility.

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