SNB's Jordan says there's no risk that Switzerland will do away with cash

Comments from SNB head Thomas Jordan in Frankfurt

  • Swiss won't restructure bank notes

Comments from earlier (3 guesses)

  • CHF remains considerably overvalued
  • SNB is prepared to intervene in FX markets if needed
  • Fear of negative rates causes flight to safety
  • ECB policy is of utmost interest to Switzerland

Yada yada yada. He might be making a couple of calls if EURCHF keeps sliding

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