Thomas Jordan is moving ever nearer to being able to close the most dramatic episode of his tenure at the Swiss National Bank. When the central bank announces its first policy decision of 2018, it can mark a quarter that saw the franc get to within two centimes of the 1.20 francs-per-euro ceiling abolished in 2015. Foreign-exchange forecasts suggest the gap will be fully eroded by this time next year. Jordan is likely to be around to see that moment, should it happen, given that the cycle of personnel change going on at many central banks is bypassing the Swiss institution. The milestone might provide the SNB ... (full story)