SNB’s Jordan: Economic conditions in Switzerland speak for continuation of current monetary policy
|Responding to the Q&A, the Swiss Nation Bank (SNB) Chairman Jordan said that it's important to look at the overall situation with negative rates, especially international low-interest rates.
Meanwhile, SNB board member Maechler said that “we are satisfied with banks preparations for change from LIBOR to SARON, but work still to be done”.
Additional Comments from Jordan:
Economic conditions in Switzerland speak for a continuation of current monetary policy.
Swiss inflation would turn negative if we tightened monetary policy.
Interest rate difference remains a very important factor for exchange rates, that's why we have to take international conditions into account.
- SNB steers rates on a steady course, USD/CHF renews 3-month lows
- SNB’s Jordan: Negative interest rates remain central to bank’s monetary policy
Meanwhile, USD/CHF is seen on a tepid recovery from three-month lows of 0.9809, as it flirts with 0.9830 level amid a broad USD recovery in tandem with the Treasury yields.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.