SNB head Jordan out on Reuters 11 May
- it is not the case that we find it great to have negative interest rates
- normalisation in European mon pol would give us more room for manoeuvre in the future
- exchange rate is not a goal in itself
Wanting your cake and eating it Thomas?
Would you stop intervening if rate tightening didn't work ?
Meanwhile USDCHF 1.0078 still unable to clear 1.0100 while EURCHF runs into sellers approaching 1.0980
