SNB's Jordan: “No change in SNB policy due to Hidebrand's departure”

Market news

20 January 2012

SNB's Jordan: “No change in SNB policy due to Hidebrand's departure”

No alternative to a forex cap (euro-Swiss floor)
Central banks compensate for politicians failures
At E1.20, the cross floor is still high
Will absolutely enforce the FX cap
No inflation pressures in Switzerland on the horizon

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