Swiss National Bank Chairman Thomas Jordan: the central bank could cut its interest rates further

Market news

11 February 2016

Swiss National Bank Chairman Thomas Jordan: the central bank could cut its interest rates further

The Swiss National Bank (SNB) Chairman Thomas Jordan said in an interview on Thursday that the central bank could cut its interest rates further.

"At present we are monitoring the situation closely. We do not rule out anything," he said.

Jordan pointed out that the SNB was ready to intervene in the foreign exchange market if needed.

He also said that Swiss currency was overvalued.

Saudi Arabia could agree to “freeze” oil output from OPEC and non-OPEC countries at current levels

U.S. Stocks open: Dow -1.26%, Nasdaq -1.22%, S&P -1.15%

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