SNB: overvalued Franc continued to weigh on the economy

Note: This section contains information in English only.
Source: RTTNews
© Scanpix/Reuters
On Friday, chairman of the Swiss National Bank, Thomas Jordan, said in his speech that the Swiss Franc was still high, weighing on the country's economy. He also reaffirmed that the minimum exchanged rate would be left, since the reasons behind its introduction were still valid. Furthermore, he said that the bank attempted to minimize the risks by suitable diversification.
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