SNB’s Jordan: CHF below 1.2 (against euro) a move in right direction

Thomas Jordan is chairman of the governing board of the Swiss National Bank (the central bank)

• CHF fall under 1.20 per euro goes in the right direction
• Situation is still relatively fragile
• No hurry to change current policy
• Swiss inflation is still very low
• Swiss have every interest in avoiding international trade war

TJ speaking in a Bloomberg TV interview 

A lot of people have been negative on Jordan since he pulled the rug out from EUR/CHF those few years ago. I don’t want to be too negative on the chap so this’ll have to do.