• central banks must be vigilant against recent global declines in long-term interest rates
  • prolonged low yields could sow the seeds of a future bubble
  • SNB is unwavering in its stance of defending the EURCHF cap

Comments in an interview with the Nikkei Business Daily published earlier today and casting doubts on the possibility of the SNB having/wanting to knee-jerk a reaction of their own if the ECB cut/ease next week