So says fin min Eveline Widmer-Schlumpf in Schweiz am Sonntag today ( google translated page)
- Mr Jordan has our full confidence
- The SNB is independent and had to keep the number of informed people to a minimum
- It was was clear that the CHF cap was limited to a few years and would have to be given up at some point
- I am confident that the economy can cope with the decision
- Companies are much better positioned than in 2011 with the introduction of the lower limit.
- With the Corporate Tax Reform III is also already a tax relief package in preparation
- Swiss companies can get used to EURCHF at 1.1000
Asked when she was first informed of the decision to remove the cap she said
I received a call early on Wednesday morning from SNB chairman Thomas Jordan
I wonder who else got that call a day before ?
And is that (1.1000) their real benchmark now or just a number conjured up out of thin air and calculated on the back of a cigarette packet by the fin min? A figure shared by, or indeed coming from, Jordan?
We wait to see and let the market decide, unless the SNB has other plans of course.
Eveline Widmer -Schlumpf- EURCHF at 1.1000 is manageable for Swiss companies
