Bloomberg News

Jordan Says Ready to Defend Franc Limit With All Measures Needed

February 28, 2012

Feb. 28 (Bloomberg) -- Swiss Central Bank Vice President Thomas Jordan said the SNB is ready to defend the limit of 1.20 francs versus the euro with all consequences.

“We will defend the franc limit with all measures needed,” Jordan said at an event in Zurich today. “The SNB’s balance sheet can be expanded without limits to do that. The current situation is so critical that we won’t tolerate an appreciation of the franc versus the euro. And we would also be ready to do that if the turbulences in Europe deepened.”

To contact the editor responsible for this story: Klaus Wille at kwille@bloomberg.net


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