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.

http://www.ecb.int/press/pr/date/2011/html/pr110906.en.html