Economics
SNB's Jordan Sees Exemption Limit on Rates as Policy Tool
- Swiss National Bank can still cut rates, pledges interventions
- Says banks in Switzerland have coped well with negative rates
SNB President Thomas Jordan
Photographer: Michele Limina/BloombergThis article is for subscribers only.
The Swiss National Bank could reduce the amount of leeway it grants banks on its negative deposit rate in a bid to prevent an already “significantly overvalued” franc from strengthening, President Thomas Jordan said.
QuickTake Negative Interest Rates