SNB’s Jordan Says Haven Status Complicates Policy Setting

Switzerland’s status among investors as safe place in times of crisis makes policy setting difficult, Swiss National Bank President Thomas Jordan said.

The fact that Switzerland is regarded as a “safe haven presents a big challenge for monetary policy,” Jordan said during a panel discussion at the University of Bern late yesterday. “Though we’ve made some progress, we’re far away from a full recovery” in the global economy, he said.