Swiss National Bank's Jordan sees no limits to forex intervention
In this article:
ZURICH (Reuters) - The Swiss National Bank's huge balance sheet is no impediment to continued intervention in foreign exchange markets to weaken the Swiss franc, SNB chairman Thomas Jordan said on Thursday.
"We have no limits and if it is necessary to keep growing our balance sheet, to intervene in the markets to maintain monetary conditions, the SNB can and has to continue to grow its balance sheet," he said at a news conference accompanying the central bank's latest rate decision.
The SNB would do this "so that our influence on the foreign exchange market can counter the pressure on the Swiss franc," Jordan said.
(Reporting by John Revill and Silke Koltrowitz,)
