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canada goose coats GENEVA/ZURICH (Reuters) The Swiss National Bank fears that an escalation of the canada goose uk black friday euro zone debt crisis could prompt deflation, Thomas Jordan said Canada Goose online in his first speech since becoming interim chairman of the central bank, canada goose coats stressing his determination to keep a lid on the franc. canada goose coats
cheap Canada Goose The cheap Canada Goose SNB capped the franc at 1.20 per euro on September 6 canada goose uk outlet to prevent Switzerland from tipping into recession and Canada Goose Jackets suffering deflation. Safe haven buyers worried about the euro zone debts had pushed the franc up by Canada Goose Coats On Sale 20 percent in just a few months. cheap Canada Goose
canada goose deals the risk scenario of a further escalation of the debt crisis were to materialize, economic activity in Switzerland would suffer a Canada Goose Outlet much more pronounced slowdown than uk canada goose just described, he said buy canada goose jacket cheap in a speech at a business event. a development would lead to a canada goose store severe risk of deflation. canada goose deals
canada goose clearance Jordan took over on an interim basis after Chairman Philipp Hildebrand resigned on January 9 following a currency trading scandal canada goose and looks set to be confirmed canada goose uk shop in the post permanently, with the government seen making cheap canada goose the appointment this month. canada goose clearance
buy canada goose jacket cheap The euro zone is Switzerland biggest trading partner and Jordan warned the canada goose black friday sale Swiss economy was likely to post only very weak growth in coming quarters. buy canada goose jacket cheap
canada goose black friday sale Jordan also said the https://www.canadagoose-coats.ca SNB would use unlimited currency interventions to defend the cap, if it became necessary. He made similar comments made in newspaper interviews in recent weeks. canada goose black friday sale
Canada Goose Jackets Since Hildebrand stepped down, the franc has gradually strengthened, flirting with the 1.20 level in uk canada goose outlet the last week as the markets test the central bank resolve. Canada Goose Jackets
canada goose store To ensure the cap sticks, the SNB had a close watch on markets 24 Canada Goose Online hours a day, Jordan said. canada goose store
canada goose clearance sale commitment applies at any Canada Goose Parka time, from the moment canadian goose jacket the market opens in Sydney on Monday to when it closes in New York on Friday, Jordan said. SNB will not tolerate canada goose clearance any buy canada goose jacket trading below the minimum rate in the relevant interbank market. canada goose clearance sale
Canada Goose online stand ready to take further measures if the economic outlook and the risk of deflation so require, he said. Canada Goose online
buy canada goose jacket The Swiss franc eased a touch against the euro following Jordan canada goose clearance sale remarks, but then clawed canada goose coats on sale back those losses. It was trading Canada Goose sale at 1.2073 at 1201 GMT. buy canada goose jacket
Canada Goose Parka The SNB canada goose factory sale expects prices to fall and economic growth to slow to just 0.5 percent this year, weighed down by subdued global demand and the unfavorable exchange rate. Canada Goose Parka
canada goose coats on sale While some economists have warned of the risk of inflation due to Switzerland cheap canada goose uk ultra loose monetary policy, Jordan said there was no reason to fear spiraling prices: is currently absolutely no risk of inflation in Switzerland canada goose coats on sale.