BLBG:SNB’s Jordan Says ‘Temporary’ Franc-Euro Tie Would Be Legal Under Mandate
A temporary tie between the Swiss franc and the euro to curb the Swiss currency’s gains would be legal under the Swiss central bank’s mandate, Swiss National Bank Deputy President Thomas Jordan was quoted as saying by Tages-Anzeiger in an interview.
“Any temporary measures to influence the exchange rate are permissible under our mandate as long as these are consistent with long-term price stability,” Jordan said, responding to a question whether a temporary linkage between the two currencies would be allowed.
To contact the editor responsible for this story: Paul Verschuur at pverschuur@bloomberg.net
