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Jordan Introduces Two-Way Risk to Currency Movements

SNB
  • In the post rate decision speech, SNB President Jordan adds further clarity to the bank's approach to currency, stating that the SNB would be prepared to purchase foreign currency in the event of excessive appreciation, however if the CHF were to weaken, the bank would also consider selling FX.
  • Jordan's introductory remarks here: https://www.snb.ch/en/mmr/speeches/id/ref_20220616...

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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