SNB’s Jordan: We welcome the slight depreciation of the Swiss franc

Dhwani Mehta FXStreet

Following the Swiss Nation Bank (SNB) monetary policy announcement, Chairman Jordan said that “we welcome the slight depreciation of the Swiss franc” while speaking at the post-policy press conference.

Further comments

Our willingness to intervene in the FX market remains the same.

Absolutely no change in our monetary policy.

More cautious language on interventions and higher inflation forecasts should not be seen as an exit from the expansive policy.

We need higher inflation; the situation has to change considerably before changing policy.

US stimulus programme will have a positive effect but not to lead to overheating.

Have no fears about expanding balance sheet.

Related reads

USD/CHF holds steady near multi-month tops, around 0.9370-75 post-SNB

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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