SNB's Jordan: No further rate cut needed at the moment

Dhwani Mehta FXStreet

In an interview with Blick on Wednesday, the Swiss National Bank (SNB) Chairman Jordan made some comments on the central bank’s monetary policy and inflation outlook.

Key Quotes:

No further rate cut needed at the moment.

But if there is a need to act, the SNB will deepen further negative rates.

If the SNB tightens policy, it would lead to a strong appreciation of the franc.

Inflation will turn negative and economic growth will slow down significantly as such.

USD/CHF consolidates the recent recovery to 0.9811 levels following the comments from the SNB Chief.

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.

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