SNB’s Jordan: Have sufficient room to change policy and react to any shocks

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Adding to his earlier comments, the Swiss National Bank (SNB) Chairman Thomas Jordan, in the post-meeting press conference, said that the central bank has sufficient room to manoeuvre on rates and react to any shock. 

Key quotes:

  • Need to take the international environment for interest rates into account.
  • Globally, the time for interest rate rises appears to have been pushed back.
  • SNB is never explicit about FX market transactions.
  • The international environment has had an impact on the Swiss economy.
     
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