Fri, 25 Jul 2014 05:53:09 GMT
Thomas Jordan of SNB believes Franc cap is crucial
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.