SNB’s Jordan: Policy aims at taking pressure off the Franc

The Swiss National Bank (SNB) Chairman, Thomas Jordan, was on the wires last hours, via Reuters, making a speech following the central bank’s decision to keep the deposit rate unchanged at -0.75%.

Key Quotes:

“Franc is overvalued”

“Policy aims at taking pressure off the Franc”

“Some industries are suffering from strong Franc”

“International developments is the biggest risk for Switzerland”

“SNB is watching the international situation carefully”