SNB’s Jordan: Very low rates for a long time could have negative consequences
|The Swiss National Bank (SNB) Chairman Thomas Jordan is on the wires now, delivering opening remarks at the Swiss International Finance Forum, in Bern.
Main Headlines:
Current policy is necessary
Difficult currency situation means it doesn't make sense to reduce interest rate differential with other economies at this stage
Negative rates and intervention help keep CHF on track
CHF still considerably over-valued
Very low rates for a long time could have negative consequences
Negative side effects of Swiss mon pol limited
Should not focus on inflation goal in exaggerated manner
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