Swiss National Bank Chairman Thomas Jordan, in an interview with Swiss NZZ am Sontag on the weekend

  • "We have always stressed that we will be active in the currency market if necessary. In the second half of June, when the Greek (bailout) negotiations were at a critical stage, we intervened, for example, stabilising the foreign exchange market."

More:

  • Swiss interest rates will stay negative "for some time"
  • Said the CHF was "clearly overvalued"
  • Defusing the Greek debt crisis eased some upward pressure on the franc

On moves towards policy normalization in other coutnries:

  • "It is said that the U.S. central bank may under some circumstances start normalising monetary policy, and then possibly England could raise interest rates a bit.
  • There are signs that the economy is recovering in the euro area. Then monetary policy could normalise there. That would let us get away from negative rates"

Via Reuters

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NZZ am Sontag is Swiss newspaper Neue Zürcher Zeitung am Sontag (NZZ on Sunday)

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Jordan has been a bit chatty lately:

And, on Friday we got growth reported in the Swiss economy for Q2: