Jordan Sees No Need for SNB Policy Shift Despite Lower Franc
The Swiss National Bank is “not in a hurry” to adjust policy despite the franc touching a milestone low as the situation remains delicate, President Thomas Jordan said.
SNB's Jordan Says Weakening Swiss Franc Still a Safe Haven
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The Swiss National Bank is “not in a hurry” to adjust policy despite the franc touching a milestone low as the situation remains delicate, President Thomas Jordan said.
“There’s no need to do anything regarding monetary policy at this moment,” he said in an interview with Bloomberg Television on Thursday in Washington. Jordan spoke just hours after the franc broke through the 1.20-per-euro mark for the first time since early 2015, when the central bank gave up the ceiling it had set at that level.