SNB Chairman Jordan: Negative Rates, Readiness to Intervene

Posted Friday, April 26, 2019 by
Arslan Butt • 1 min read

SNB Chairman Jordan: Negative rates, readiness to intervene in FX market remains necessary and appropriate

  • Rates will eventually turn positive again, but can’t say when
  • Future rate hike depends on inflation, FX developments.
  • The economy will be hurt if rates are hiked now
  • For now, negative rates remain significant and relevant
  • SNB prevails enthusiastic about intervening in the FX market as and when needed.
  • Dropping negative rates now would gradually recover the situation for savers, pension funds, life insurers and banks.

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