Home SNB’s Maechler: Still too early to contemplate tightening monetary policy

SNB’s Maechler: Still too early to contemplate tightening monetary policy

Published date: 8 Nov. 2018 | 19:33

Below are some key quotes, via Reuters, from the speech delivered by the Swiss National Bank Governing Board Member AndrÃ©a Maechleris.

Still too early to contemplate tightening monetary policy.
Economic developments favourable but inflationary pressures low, Swiss franc highly valued, the situation on forex market fragile.
Forex intervention has become important tool in implementation of SNB monetary policy.
SNB retains ability to steer interest rates even without libor, for instance via negative interest rate on sight deposits.

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