Swiss Central Bank Chief: Currency Intervention Rescued Economy

October 14, 2012 at 17:13 PM EDT

Yes, at the reducing demand in the euro zone Swiss Central Bank Chief: Currency Intervention Rescued Economy October 12 (Nikkei) — A year after the Swiss National Bank made a direct intervention in the the foreign exchange market to halt the overvaluation of the Swiss franc, Chairman Thomas Jordan told the Nikkei in a recent [...]

Yes, at the reducing demand in the euro zone

October 12 (Nikkei) — A year after the Swiss National Bank made a direct intervention in the the foreign exchange market to halt the overvaluation of the Swiss franc, Chairman Thomas Jordan told the Nikkei in a recent interview that the move helped to stabilize the country’s economy and stave off deflation.