The new site is up and running ... Only thing is some of the posts from the weekend and Monday morning have been lost in the transition, so I'm just reposting them. This article is from the weekend.
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23 hours ago ' February 8th, 2015 01:12:57 GMT by Eamonn Sheridan View Comments
Head of the Swiss National Bank, Thomas Jordan, told Swiss radio station SRF in an interview broadcast on Saturday that the bank is prepared to intervene in foreign exchange markets if necessary
- He didn't detail any intervention recently
- "We are observing the exchange rate situation as a whole ... ,If necessary we are active but as I said we do not speak about our transactions"
On negative interest rates:
- are having a "strong impact" to make the franc less attractive
- "There is certainly a limit for negative interest rates, but the question is where exactly that limit is"
- "However, I believe at the current level of -0.75 percent, the limit certainly isn't reached yet."
More at Reuters
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And, more via the Wall Street Journal.
Said:
- The franc remains "clearly overvalued" at the current rate-around 1.0500 to the euro
- Asked to comment on a Swiss media report that the SNB was eyeing an unofficial corridor of 1.0500 to 1.1000, Mr. Jordan said the central bank doesn't comment on preferred franc levels or what it regards as a fair value for the Swiss currency.
Also:
- "Economic growth will certainly be weaker than we forecast in December, and its possible we could have one or two quarters of negative quarterly growth"
The Wall Street Journal is gated: SNB's Cap Decision Could Weigh on Swiss Economy
