Comments by SNB chief Thomas Jordan to CNN
- Current expansive monetary policy is still needed
- FX markets are still fragile
- Global economic uncertainty has increased
- No-deal Brexit could disturb financial markets, exchange rates
Jordan's commentary has a slight tilt towards the negative impact of a no-deal Brexit towards Switzerland. He notes that a no-deal outcome will have a negative connotation on the business cycle in the region, but I'm also guessing he's worried that such uncertainty will also promote flows into the swissie and cause the central bank more headache.
