SNB Has Room for Rate Cuts and More Interventions, Jordan Says
- Central bank president comments in speech at AGM in Bern
- SNB uses negative rates, interventions to keep franc in check
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The Swiss National Bank has additional firepower on interest rates and interventions if needed to take pressure off the franc, President Thomas Jordan said.
“If necessary, we can lower the negative interest rate further or buy additional foreign currency,” Jordan said at the SNB’s annual shareholder meeting in Bern on Friday.