CHF now not equally strongly overvalued – SNB’s Jordan

FXStreet (Mumbai) - Swiss National Bank (SNB) head Jordan’s Oct 1 speech released today showed the central banker believes the CHF is now not equally strongly overvalued compared to 2011 and against all important currencies.

Jordan reiterated the bank’s willingness to intervene, while stressing the importance of the negative rates as an indispensable monetary policy instrument to weaken CHF.