SNB’s Jordan: Franc cap ‘absolutely necessary’

Author: Pete Jackson | Category: News
  • Cap prevented threat of an economic downturn
  • Cap is not there to fine tune the economy, but doesn’t rule out further measures if needed
  • See ‘very low’ growth in coming quarters, but no recession in Switzerland, still sees economic growth this year at 1%
  • Still much to be done on ‘too-big-to fail’

Comments made by the SNB chief  in an interview with Tages-Anzeiger (Bloomberg headlines)

EUR/CHF sits around 1.2048