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SNB: Jordan Reiterates SNB Can Intervene on FX, "Comfortable" With Inflation

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SNB's Jordan is interviewed in Le Temps, states that the SNB are comfortable with the inflation situation, and can intervene in the CHF if needed. 

  • Full Jordan interview appears here in Le Temps: https://www.letemps.ch/economie/finance/thomas-jordan-president-de-la-bns-la-banque-nationale-prend-la-question-climatique-tres-au-serieux
  • Primarily focuses on climate policy, and allow the chairman an opportunity to look back on crises that came up under his tenure and challenges for monpol ahead.
  • He shrugs off criticism that the SNB is too conservative, and not committed to energy transition. Reiterates recent SNB comms on the currency: can intervene if needed, is comfortable with inflation situation.
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SNB's Jordan is interviewed in Le Temps, states that the SNB are comfortable with the inflation situation, and can intervene in the CHF if needed. 

  • Full Jordan interview appears here in Le Temps: https://www.letemps.ch/economie/finance/thomas-jordan-president-de-la-bns-la-banque-nationale-prend-la-question-climatique-tres-au-serieux
  • Primarily focuses on climate policy, and allow the chairman an opportunity to look back on crises that came up under his tenure and challenges for monpol ahead.
  • He shrugs off criticism that the SNB is too conservative, and not committed to energy transition. Reiterates recent SNB comms on the currency: can intervene if needed, is comfortable with inflation situation.