Swiss National Bank Chairman Thomas Jordan spoke in an interview on Saturday
He said that at present he thought it very clear monetary policy was currently set right, and added:
- We could certainly cut interest rates again if absolutely necessary, but that is not something we aim to do for now
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Sounds more of a theoretical point from Jordan. If he is taken at his word a further cut is not imminent (EUR/CHF traders with a memory on the SNB rug-pull from EUR/CHF might find it difficult to take Jordan at his word). Probably right, especially after last week's global developments have eased market uncertainty (for now at least).
Oldie but a goodie - Thomas Jordan negative pic.