SNB's Jordan: Not big fans of negative interest rates but it is necessary

Dhwani Mehta FXStreet

Commenting on the question about negative interest rates, the Swiss National Bank (SNB) Chairman Thomas Jordan said, “we're not big fans of negative interest rates but it is necessary, in an interview with RTS on Tuesday.

Key quotes

“Cannot say when rates will rise again.”

“We're not big fans of negative interest rates.”

“But in the environment today, it is necessary.”

“A weak euro was a problem for years.”

“But in recent months, it is the dollar that has weakened.”

“Switzerland getting through the crisis relatively well.”

USD/CHF Price Analysis: Prints falling wedge on hourly chart

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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