In case you missed it: Swiss National Bank President Jordan is ready to ‘intervene in the foreign exchange market’ if necessary

The President of the Swiss National Bank (SNB), Thomas Jordan, spoke in an interview published Friday by Le Temps.

Adam was in the headlines.

If you missed it, Jordan made some pointed comments about the Swiss franc:

• The CHF can be significantly influenced by political “uncertainties”, both in Europe and globally
• “This is something we have to take into account” and “as we have already proven, we are also ready to intervene in the foreign exchange market if necessary. Only if necessary.”

Yeah, they won’t intervene if it’s not necessary! D’uh.

Jordan also discussed his inflation outlook, following last week’s data from Switzerland:

• Switzerland: June CPI +1.3% vs. +1.4% expected year-on-year
• “All our models show that inflation will converge towards 1% at constant exchange rates in the medium term. The strength of the franc also reduces the risk of inflation. It is important to continue to monitor the situation, but for the moment it is relatively comfortable.”