Comments by SNB chief Thomas Jordan
- SNB still has some room to maneuver on interest rates
- Sees certain geopolitical risks for the global economy
- Uncertainties for global economy have increased
- No reason to change SNB monetary policy
- To continue current monetary policy for some time
I don't believe most market participants will care for much of what the SNB has to say since 4 years ago. Despite that, it's always good to pay some attention to their commentary at least. There's nothing here that surprises as the SNB continues to stick to the script of following the ECB's footsteps in policy setting.
