SNB's Jordan says monetary policy normalisation globally would help Switzerland

SNB head Jordan out on Reuters 11 May

• it is not the case that we find it great to have negative interest rates
• normalisation in European mon pol would give us more room for manoeuvre in the future
• exchange rate is not a goal in itself

Wanting your cake and eating it Thomas?

Would you stop intervening if rate tightening didn't work ?

Meanwhile USDCHF 1.0078 still unable to clear 1.0100 while EURCHF runs into sellers approaching 1.0980