He’s ‘convinced’ there was no alternative to cap.
It’s odd that he’s speaking in the past tense, makes me think they are mulling removing it.
Update: He adds that the euro crisis is not yet fully overcome, which still sounds like the cap isn’t forever.
EUR/CHF has rebounded to 1.2322 from 1.2287 shortly after the open. No reaction to these headlines.
Update 2: Jordan says from today’s view there is no reason to drop cap. Not excluding any measure for ‘right’ monetary policy.
