SNB's Jordan says they are ready to take additional measures if UK vote Leave

16 June 2016, 10:13
Sherif Hasan

Swiss National Bank chairman Jordan with his press conference 16 June 2016

  • Brexit vote may cause uncertainty, turbulence
  • will monitor situation closely and act if required
  • franc remains significantly overvalued
  • neg rates absolutely essential tool

Earlier this morning the SNB left interest rates on hold as widely expected.

On Monday I wrote this on the SNB/Brexit scenario.        

Meanwhile USDCHF little changed at 0.9606. EURGBP 1.0825

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