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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

SNB President Thomas Jordan

Photographer: Michele Limina/Bloomberg
Updated on

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