Following the Swiss Nation Bank (SNB) monetary policy announcement, Chairman Jordan said that strengthened interventions have had an impact against the upward pressure of the Swiss franc while addressing the post-policy press conference.
The Swiss National Bank (SNB) Chief Thomas Jordan, in the post-meeting press conference, was noted saying that the situation is slightly less negative than expected three months ago. The economic recovery situation is still fragile, Jordan added further.
At its September quarter monetary policy assessment this Thursday, the Swiss National Bank (SNB) board members left the monetary policy settings unchanged. The SNB left the benchmark sight deposit rate unchanged at -0.75%.
The Swiss National Bank (SNB) board members decided to leave the monetary policy settings unchanged at the end of its June quarter monetary policy assessment held this Thursday.
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
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Thomas J. Jordan was born in Bienne, Switzerland in 1963. Thomas J. Jordan is a member of the Board of Directors of the Bank for International Settlements (BIS) in Basle and the Steering Committee of the Financial Stability Board (FSB). He is the Governor of the International Monetary Fund (IMF) for Switzerland, and also Chairman of the G10 Central Bank Counterfeit Deterrence Group (CBCDG).
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.
