SNB went very far with deposit rate cut says Jordan

SNB's Thomas Jordan has managed to dodge any pitchfork wielding retail traders to hold an interview on Bloomberg tv

  • Have to accept that inflation is below zero in the short term
  • Says he sees inflation back in positive territory early 2017
  • Interest rates at right level for time being
  • SNB will look over time how to adjust policy tools

Not much new from what's been said already

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