2019/04/26

SNB Chairman Jordan: Negative Rates, Readiness to Intervene



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.

 .....  Author .....
Admin@GreenForexClub

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