SNB's Jordan: Swiss franc is highly valued, FX market situation is still fragile

Author: Justin Low | Category: Central Banks

SNB chief Thomas Jordan comments in the press conference

  • Risks to Swiss, global economic outlook is on the downside
  • Swiss growth momentum likely to weaken somewhat in 2019
  • Sees risk of major, sudden exchange rate movement
  • Solid global growth in coming months is the baseline
  • Politics, protectionism are significant risks to the baseline
Pretty much a repeat of the statement earlier here. Nothing new from Jordan, as you'd expect. EUR/CHF still sits at flat levels on the day at 1.1294 currently.

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