Comments by SNB chief Thomas Jordan
- Franc is scarcely changed on a trade-weighted basis this year
- Trade tensions, geopolitics continue to weigh on global economy
- Sees modest momentum in global economy in the short-term
- But global risks remain tilted to the downside
- SNB easing policy to boost medium-term inflation, growth
- Inflation expectations are within 0% to 2% range
He also reaffirms their current policy stance by saying that the benefits of NIRP "clearly outweighs" the costs. Given how inflationary pressures are still going nowhere, I can't quite say that their little experiment over the last five years have worked.
