Schneider-Ammann Says Important to Find Good SNB Board Member

Swiss Economy Minister Johann Schneider-Ammann said it’s more important to find a good candidate to join the three-member Swiss central bank board rather than electing a candidate soon.

“The Bank Council is the institution suggesting candidates and that’s why the timing on the government electing a member will hinge on the council,” Schneider-Ammann said in an interview at the World Economic Forum in Davos, Switzerland, today. “It’s decisive that we’ll find a good solution. Whether that’s sooner or later is secondary. It’s being worked on the matter and that’s essential.”

He also said that the economy will show “weak growth” this year, with the second half “a bit better” than the previous six months. If “there’s a small dent, then it’s at best a weak recession, we can’t see a strong recession.”

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