SNB chairman Jordan with his presser 15 Dec I beg to differ Thomas. •euro is weak against other ccys, not just franc •overvaluation of franc could continue over some time •US Fed hike shows US economy on track, a good thing •Fed could hike further •no limits onexpanding SNB balance sheet •Swiss inflation rate still very low •SNB willing to intervene to expand balance sheet as long as benefits outweigh costs •neg rates not an easy situation for fin sector (full story)