SNB's Jordan: SNB's policy still aimed at weakening franc despite recent reduction in value

In his remarks prepared for a conference in Basel on Thursday, SNB Chairman Thomas Jordan said that the bank's policy was still aimed at weakening the franc despite the recent reduction in the value. Below are the key headlines (via Reuters) from the speech.

Maintaining constructive dialogue with U.S. authorities about currency manipulation.

Franc still highly valued.

Interest rates not enough on their own to influence monetary conditions.

SNB's currency interventions are not a beggar-thy-neighbour strategy.

Swiss current account surplus not a good measure for monetary policy.