Thomas Jordan of SNB believes Franc cap is crucial

Source: Reuters
© Scanpix/Reuters
The Swiss National Bank will keep the 1.20 per euro cap since they want to keep prices stable in the foreseeable future. SNB Chairman Thomas Jordan argued in an interview that the cap is their main policy tool seeing as price development is their primary concern. SNB has already expressed their willingness to stick to the cap in response to the recent ECB easing.
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