Swiss National Bank Chairman Thomas Jordan: negative interest rates in Switzerland will help to lower the value of the Swiss franc

Market news

18 June 2015

Swiss National Bank Chairman Thomas Jordan: negative interest rates in Switzerland will help to lower the value of the Swiss franc

The Swiss National Bank (SNB) Chairman Thomas Jordan said on Thursday that negative interest rates in Switzerland will help to lower the value of the Swiss franc. He added that the Swiss currency remained overvalued.

Jordan pointed out that the Swiss central bank will remain active in the foreign exchange market if needed.

The SNB chairman noted that the central bank's current monetary policy "will best serve Switzerland's overall interests in the long term".

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Swiss National Bank keeps its rates steady at -0.75%, but it changes its inflation forecasts

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