The Swiss government this week announced the appointment of Thomas Jordan as chairman of the SNB – a move seen by international investors as bringing a sense of certainty to the country’s central bank.
CENTRAL banks depend on one of their most important assets - their reputations. This is particularly true of the Swiss National Bank (SNB) which this week confirmed the appointment of Thomas Jordan as chairman.[[quote]]
And it is that reputation and maintaining a sense of stability which Mr Jordan has stressed is, and will be, at the heart of the SNB.
Since September 2011, the SNB has been pursuing a minimum rate of SF1.20 to the ...