SNB’s Jordan: Changing monetary policy is far in the future

Additional headlines crossed the wires from the SNB Chairman Jordan, extending his speech on the Swiss monetary policy.
Key Points:
Negative rates have been a big success in Switzerland
Exiting loose policy will be difficult
Does not make sense for the Swiss franc-euro rate differential to narrow
Rates could be raised without shrinking the balance sheet
Changing monetary policy is far in the future
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















