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.
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