SNB’s Jordan sees risk of major, sudden exchange rate movement
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The Swiss National Bank (SNB) Chairman Thomas Jordan is on the wires now, addressing the press conference following the status-quo policy decision, with the key headlines found below.
Swiss franc is highly valued, FX market situation is still fragile.
Risks to Swiss, global economic outlook is on the downside.
Swiss growth momentum likely to weaken somewhat in 2019.
Sees risk of major, sudden exchange rate movement.
Solid global growth in coming months is the baseline.
Politics, protectionism are significant risks to the baseline.
No reason to change interest rate differential.
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