Remarks by SNB chairman, Thomas Jordan

  • Expansionary policy is right for the time being
  • Swiss franc is still very high and inflation is low
  • If major central banks take a step towards normalisation, it is a good sign for the global economy and for the SNB

Pretty much the same old, same old from Jordan. With or without the pandemic, the SNB is stuck between a rock and a hard place so don't expect much of anything else in the months and years ahead from the central bank.