SNB’s Jordan: The Swiss franc remains highly valued

FX

The Swiss National Bank (SNB) Chairman Thomas Jordan made some comments on the monetary policy outlook and exchange rate value, in an interview with Swiss daily Neue Zuercher Zeitung on Saturday.

Key quotes

“The franc remains highly valued.”

“Inflation is only slightly above zero.”

“Productive capacities are not fully utilized in Switzerland.”

“Against this background, it would be completely premature to start reducing the balance sheet and tighten monetary conditions.”

“It would be wrong to now signal to the world that the SNB is the first central bank considering a restrictive policy.”

“The size of the balance sheet is not a problem.”

“We can even expand the balance sheet further if that is necessary.”

Related reads

Articles You May Like

SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense
Forexlive Americas FX news wrap: Non-farm payrolls beat estimates but unemployment rises
Live ( USD NEWS ) XAUUSD GOLD 5M Chart Scalping Forex Trading Strategy
USD Index to head lower toward the 103.20 unless the May NFP surprises on the upside – ING
Gold Technical Analysis