SNB’s Jordan pledges to maintain Swiss franc’s currency floor

Yusuf Yassin
Melanie White
07 Feb 2012

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Thomas Jordan, the acting chairman of the governing board at the Swiss National Bank, on February 7 said the central bank remained firmly committed to defending its Sfr1.20 ($1.30) peg to the euro in the face of growing economic challenges in Switzerland.

"This commitment applies at any time, from the moment the market opens in Sydney on Monday to when it closes in New York on Friday. We will not tolerate any trading below the minimum rate in the relevant interbank market. To enforce this policy

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