SNB's Jordan: There is no reason to tighten monetary policy
He's now speaking to Bloomberg TV
Much like the ECB, they're essentially walking away from arguing for normalising monetary policy at this point in time. Considering how much they fear the franc strengthening from hereon, it's only prudent that they communicate a similar message to other major central banks which are growing increasingly more dovish.
- Won't forecast what the next SNB move may be
- Inflation expectations are well anchored