SNB’s Jordan: CHF cap will remain
The Swiss National bank’s President Thomas Jordan said today that the central bank is committed to the cap it imposed on the franc in 2011 but could adjust the level of 1.20 per euro if necessary. The President underlined, that CHF is “still highly valued.” Jordan added that the SNB bank did not rule out negative interest rates.
According to Jordan, the talk of a currency war was overblown and Japan was justified in easing monetary policy to get inflation up to target.
Photo: Reuters/Pascal Lauener