SNB's Jordan: There is no internal threshold for intervention

Jordan continues to make the rounds

Jordan was on Cash TV and said the bank has no internal exchange rate threshold for intervention.

Separately, SNB #2 Zurbruegg talked about other central banks with Reuters:

  • Fed hike could be positive signal that would take some pressure of the Swiss franc
  • There's no upper limit to use the balance sheet for monetary policy goals
  • "Not only the ECB is dominant in our monetary policy. We have various factors."

The SNB left interest rates on hold today despite some speculation of a cut.

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