SNB’s Jordan: Economic conditions in Switzerland speak for continuation of current monetary policy

Responding to the Q&A, the Swiss Nation Bank (SNB) Chairman Jordan said that its important to look at the overall situation with negative rates, especially international low interest rates.

Meanwhile, SNB board member Maechler said that “we are satisifed with banks preparations for change from LIBOR to SARON, but work still to be done”.

Additional Comments from Jordan:

Economic conditions in Switzerland speak for a continuation of current monetary policy.