Comments by Switzerland's finance minister Ulrich Maurer

  • CHF exchange rate versus the EUR has normalised
  • Current SNB balance sheet is at limit of tolerance, would like to reduce it in future

I don't think those headlines would go down too well with Jordan and the SNB after how much they've been trying to talk down the swissie. The SNB still would prefer EUR/CHF closer to 1.20, and with it sitting right in the middle between 1.10 and 1.20 it's certainly not where they would like it to be with the Swiss economy gradually improving.