SNB governor on lifting the currency floor
Thomas Jordan speaks about currency intervention, negative rates and FX reserves
Thomas Jordan, chairman of the Swiss National Bank, has overseen its commitment to the Swiss franc’s floor with the euro since becoming chairman in 2012 – including its sudden removal on January 15, 2015, which rattled the FX industry at the time.
In an interview conducted on July 6 by our sister publication, Central Banking, Jordan clarifies the SNB’s action on that auspicious day, and comments on the central bank’s negative interest rate policy, the size of its balance sheet and its large FX
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