Comments by SNB chief, Thomas Jordan, after the policy decision earlier
- Raising bank threshold for negative rates not a result of political pressure
- There is big public support for monetary policy
Not much else from Jordan and certainly no hints about whether or not the SNB may add stimulus any time soon. In this case, continue to keep an eye out on the sight deposits data as increased intervention in that regard may be one the first signs that the SNB could be looking to cut rates further in the near future.
