Comments by SNB board member Andrea Maechler
- Markets see first rate hike by the SNB in September 2019
- ECB QE represents a big challenge
Meanwhile, Jordan refuses to comment on when normalisation may start and says that he doesn't want to speculate on the effects of ECB ending its QE programme.
The comment by Maechler on the timing of the SNB move pretty much says that they're going to wait or at least be in line with the ECB in terms of tightening monetary policy. Either way, they still need a higher EUR/CHF to be convinced of that.
