SNB governor on lifting the currency floor

Thomas Jordan speaks about currency intervention, negative rates and FX reserves

L to R: Christopher Jeffery and Thomas Jordan
Thomas Jordan: "By deciding quickly to discontinue the minimum exchange rate, we chose the option that was best for the country"
Louis Rafael Rosenthal

Thomas Jordan, chairman of the Swiss National Bank, has overseen its commitment to the Swiss franc’s floor with the euro since becoming chairman in 2012 – including its sudden removal on January 15, 2015, which rattled the FX industry at the time.

In an interview conducted on July 6 by our sister publication, Central Banking, Jordan clarifies the SNB’s action on that auspicious day, and comments on the central bank’s negative interest rate policy, the size of its balance sheet and its large FX

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: