The Swiss National Bank will take further steps following its imposition of a cap on the franc if it believes they are warranted, the central bank's vice chairman said on Monday. After the safe-haven franc nearly touched parity with the euro, the SNB capped the currency at 1.20 francs per euro in September and pledged to defend that level with all means necessary. "If the franc suffers an appreciation that's no longer tolerable, then we take steps to push deflationary risks out of the way. And we did that," Vice Chairman Thomas Jordan told a conference in the city of Lucerne. "We're always looking at the situation," ... (full story)