ZURICH, April 21 (Reuters) - Swiss National Bank President
Thomas Jordan said weakening of the franc to 1.20 per euro
this week is no reason to abandon negative interest
rates and a willingness to intervene in foreign exchange
markets, newspaper Neue Zuercher Zeitung reported in its
The Swiss franc fell to a three-year low against the euro on
Thursday as a revival in risk appetite encouraged investors to
use it to buy higher yielding assets elsewhere.
Jordan, interviewed while in Washington, at an International
Monetary Fund meeting, said the SNB would stick to its loose
monetary policy to help tamp down the strength of the Alpine
republic's currency, NZZ reported.
Despite a more robust euro since the election of President
Emmanuel Macron in France and Europe's generally favorable
economic environment, Jordan said the situation remains fragile
and merits that Switzerland stick to its course of the last
three years, the newspaper reported.
(Reporting by John Miller;
Editing by Sandra Maler)
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.