U.S. Censure Won’t Stop SNB FX Interventions, Central Bank Chief Says

Swiss National Bank President Thomas Jordan said U.S. censure won’t stop his institution’s purchases of foreign exchange to fend off deflation, according to an interview with broadcaster SRF.

The central bank governor said he hasn’t yet spoken to Treasury Secretary Janet Yellen about getting Switzerland taken off the U.S. list of currency manipulators. But talks with officials in Washington both at a technical and a political level are planned after the U.S. added the country to the list last year.