Swiss risk deflation if euro crisis worsens: Jordan

7 February 2012, 5:20 am

GENEVA/ZURICH (Reuters) - The Swiss National Bank fears that an escalation of the euro zone's debt crisis could prompt deflation, Thomas Jordan said in his first speech since becoming interim chairman of the central bank, stressing his determination to keep a lid on the franc. The SNB capped the franc at 1.20 per euro on September 6 to prevent Switzerland from tipping into recession and ...... Read More »

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