SNB’s Jordan: Negative interest rates currently indispensable

In an interview with Sueddeutsche Zeitung conducted on Sunday, the Swiss National Bank (SNB) Chairman Thomas Jordan, commented on the negative interest rates policy and exchange rate level.

Key Headlines via Bloomberg:

Globalization concerns must be taken seriously

Negative interest rates currently indispensable

To partially maintain the historical rate difference against EUR & and other currencies

Without rate difference Swiss franc would come under even stronger appreciation pressure