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SNB chairman says still ready to intervene in forex market: paper
May 17, 2017 / 5:52 PM / in 5 months

SNB chairman says still ready to intervene in forex market: paper

MILAN/ZURICH (Reuters) - The Swiss National Bank is still ready to intervene in the forex market if necessary its chairman, Thomas Jordan, was quoted as saying in a newspaper interview available on Wednesday.

Swiss National Bank (SNB) Chairman Thomas Jordan attends a ceremony of the Jean Monnet Fondation for Europe in Lausanne, Switzerland May 4, 2017. REUTERS/Denis Balibouse

“The franc is still overvalued, which is why negative interest rates and our readiness to intervene in the forex market remain necessary,” Jordan told Swiss Italian-language newspaper Corriere del Ticino, according to the abridged version of an interview to be published on Thursday.

Reporting by Valentina Za in Milan and Silke Koltrowitz in Zurich; Editing by Toby Chopra

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