Via Bloomberg:
- “Voting ‘yes’ on the gold initiative would make it harder to defend the cap,” on the franc of 1.20 per euro, Swiss National Bank President Thomas Jordan says in interview with Blick.
- SNB will at some point reduce balance sheet again, though risks now too big
- No link between franc’s stability and amount of gold on SNB balance sheet
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Referring to the gold referendum in Switzerland on November 30
