SNB’s Jordan: Changing monetary policy is far in the future
|Additional headlines crossed the wires from the SNB Chairman Jordan, extending his speech on the Swiss monetary policy.
Key Points:
Negative rates have been a big success in Switzerland
Exiting loose policy will be difficult
Does not make sense for the Swiss franc-euro rate differential to narrow
Rates could be raised without shrinking the balance sheet
Changing monetary policy is far in the future
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