SNB to Savor Christmas Quiet Before Year of Europe Suspense
- Central Bank rate announcement, press conference on Dec. 15
- European elections, Brexit trigger set to shape in 2017
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Thomas Jordan may want to take advantage of any time he gets to put his feet up this holiday season.
While an interest rate increase by the Federal Reserve this week is likely to take pressure off the franc after a year of seismic political shifts, that respite may be short lived. Elections in France, Germany and the Netherlands, plus Britain’s triggering of Brexit, mean 2017 is shaping up to be a year of heightened uncertainty that is set to keep Swiss National Bank President Jordan and his fellow rate setters busy.