SNB’s Jordan: CHF still highly valued despite recent weakening

Headlines cross the wires, via Reuters, as the SNB Chairman Thomas Jordan addresses the post-interest rates decision press conference. 

Key quotes:

   •  Long-term inflationary pressure has not increased
   •  Expansionary monetary policy remains appropriate to support recovery and price stability
   •  Depreciation of CHF shows safe havens are less sought after, but CHF development still fragile