SNB’s Jordan: Market reaction has gone too far
From forexlive.com
Comments from SNB President Thomas Jordan in an interview with Le Temps newspaper: •Market reaction has gone too far, finding equilibrium will take time; •It was impossible to change the bank’s communication before changing the policy; •It was necessary to surprise the market; •SNB was aware the move could have a major market impact; •Gradual exit of cap would have been impossible;
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