SNB’s Jordan: Negative interest rates currently indispensable
|In an interview with Sueddeutsche Zeitung conducted on Sunday, the Swiss National Bank (SNB) Chairman Thomas Jordan, commented on the negative interest rates policy and exchange rate level.
Key Headlines via Bloomberg:
Globalization concerns must be taken seriously
Negative interest rates currently indispensable
To partially maintain the historical rate difference against EUR & and other currencies
Without rate difference Swiss franc would come under even stronger appreciation pressure
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