• rate cuts showed rapid impact

Presser underway now here

  • negative interest rate exemptions not in Switzerland's interest
  • deflationary spiral not expected
  • will remain active in a fx markets if necessary
  • global outlook risks on Greece. Ukraine
  • sustained neg inflation not expected
  • CPI expectations in positve territory mid-term
  • CHF significantly overvalued

Of course it is. You removed the cap!

  • will retain current interest rate level for the time being
  • negative rates help weaken franc

USDCHF still falling at 0.9896 as is EURCHF 1.0567 as Jordan suggests lack of interest rate action any time soon