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    SNB’s Jordan: Will decide on case by case basis when and how much to intervene in forex market

    SNB President Thomas Jordan crossing the wires via Reuters, as he speaks at post-decision press conference.Key Quotes:Switzerland highly exposed to developments abroadSNB will monitor Brexit situation “closely” and take measures “if required”Negative interest rates are “absolutely essential” instrument for the bankHigher interest rates would make Swiss Franc more attractiveSNB now decides on case by case basis when and how much to intervene in forex marketNegative interest rates and willingness to intervene make Franc less attractive


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