The outgoing Chairman of the Swiss National Bank (SNB) Thomas Jordan said that the Swiss franc, recognized as a safe-haven currency, can be significantly influenced by political "uncertainties," both within Europe and globally, posing a possibility of intervention if needed.
In an interview published on Friday by Le Temps, Jordan called for considering the effect of politics on the currency and stressed that the bank is ready "to intervene in the foreign exchange market" if absolutely necessary."
Reflecting on the Credit Suisse collapse, Jordan attributed the crisis to the ban'’s own management decisions rather than any failure by Swiss authorities. "It resulted from poor choices by the bank's leadership," he mentioned.
