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SNB's Jordan Reiterates Willing To Use FX Sales As Policy Tool If Needed

SWITZERLAND
  • Speaking in Switzerland, SNB’s Jordan notes that he can’t exclude further mon pol tightening and that the Bank is willing to use FX sales as a policy tool if needed.
  • Both points largely echo remarks from May 5 (“FX interventions not main SNB tool, but can be used”)
  • EURCHF holding onto the day’s earlier increase, currently +0.1% at 0.9772.

Other Bloomberg headlines:

  • JORDAN: CAN'T EXCLUDE FURTHER MONETARY-POLICY TIGHTENING - bbg
  • JORDAN: INFLATION IS HIGHER THAN WE LIKE IT TO BE - bbg
  • JORDAN: NOMINAL CHF APPRECIATION MOSTLY DUE TO INFLATION ABROAD - bbg
  • JORDAN SAYS SNB SWIFT ACTION HELPED TAME INFLATION - bbg
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