svizzera

The Swiss National bank has room to push record low interest rates even further into negative territory but is well aware of the risks of keeping monetary policy ultra-loose for long stretches, SNB Chairman Thomas Jordan said on Monday. The SNB in January 2015 abruptly abandoned its policy of keeping the euro/Swiss franc exchange rate above 1.20 per euro. It instead charges banks 0.75% for excess deposits at the SNB and says it will intervene when needed to rein in the franc, whose strength hurts the export-reliant Swiss economy.

Advertisements

About FxCox™

‎Portfolio Management
This entry was posted in Fx Market. Bookmark the permalink.