SNB's Jordan: Committed to defend EUR/CHF cap with unlimited intervention if necessary.

FXStreet (Bali) - Thomas Jordan, Chairman of the Swiss National Bank, crossed the wires over the weekend, via Reuters, noting that the SNB remain committed to defend the EUR/CHF 1.20 cap with unlimited intervention if necessary.

Additional headlines (via Reuters)

Risks to central bank forecast for Swiss inflation are to the downside

Risk of deflation or negative inflation is really on the radar screen given recent deterioration in Europe

Minimum exchange rate is SNB’s main policy tool but won’t not hesitate to use other instruments, including negative rates, if needed

Have not had to intervene since September 2012