Jordan Says SNB Minimum Exchange Rate Extremely Important
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The cap on the franc versus the euro will remain in place for the foreseeable future, Swiss National Bank President Thomas Jordan said.
“We will enforce the minimum exchange rate, this is very, very important,” Jordan said in an interview in Washington two days ago. “The Swiss franc remains highly valued, and in order to maintain adequate monetary conditions in Switzerland so that we can maintain price stability, and in order to not fall back into negative inflation, we have to maintain the minimum exchange rate.”