The Swiss National Bank is keeping close watch on both its U.K. and euro-area counterparts and if needed has leeway to adjust its main policy tools in the wake of Britain’s vote to leave the European Union, President Thomas Jordan said. “We are monitoring the situation very carefully: what are the consequences for inflation and growth in Switzerland, what are our policy options,” he said in Chengdu, China, when asked whether policy easing by the European Central Bank or the Bank of England could force the SNB to step up its efforts. “The franc remains significantly overvalued, it’s a big concern for us.” Jordan ... (full story)