SNB’s Jordan: Will Continue Measures To Prevent Franc Appreciation Against Euro

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13:54 GMT

Sep 2009

SNB’s Jordan: Will Continue Measures To Prevent Franc Appreciation Against Euro

(RTTNews) - Friday, Swiss National Bank Governing Board member Thomas Jordan said the central bank will continue to act decisively to prevent any appreciation of the Swiss franc against the euro.

The Swiss franc plays a key role in the development of the Swiss economy and the SNB policy of becoming active in the foreign currency market in emergency situations has not damaged the international role of the Swiss franc or the interest rate bonus, Jordan said in a speech in Luxembourg.

Further, he said it would be too early to end unconventional measures as it may trigger deflationary pressures.

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Posted in Categories: Economy, Eurozone, Releases, Switzerland.

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