18 Jan 2015
Swiss government has 'full confidence' in the SNB
FXStreet (Bali) - Swiss Finance Minister Eveline Widmer-Schlumpf, speaking to Schweiz am Sonntag over the weekend, said that SNB's Chief Mr Jordan has the government's full confidence, adding that the the Central Bank is independent and had to keep the number of informed people to a minimum, while suggesting that EUR/CHF around 1.10 might be the new equilibrium point for the pair.
Additional headlines
It was clear that the CHF cap was limited to a few years and would have to be given up at some point
I am confident that the economy can cope with the decision
Companies are much better positioned than in 2011 with the introduction of the cap
Swiss companies can get used to EURCHF at 1.1000
I received a call early on Wednesday morning from SNB chairman Thomas Jordan
Additional headlines
It was clear that the CHF cap was limited to a few years and would have to be given up at some point
I am confident that the economy can cope with the decision
Companies are much better positioned than in 2011 with the introduction of the cap
Swiss companies can get used to EURCHF at 1.1000
I received a call early on Wednesday morning from SNB chairman Thomas Jordan