SNB's chairman Jordan: Forex interventions and negative rates are essential

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14 July 2020

SNB's chairman Jordan: Forex interventions and negative rates are essential

Forex interventions are most-effective instrument to curb CHF's strength
Forex interventions and negative rates are essential
Even though we still have scope for further rate cuts, the fact remains that we cannot cut rates indefinitely
Virus has increased upward pressure on CHF
Challenge will be when and how quickly to normalize policy

U.S.: Inflation rises, but growth remains the only focus - ING

USD/JPY seen below 106 on a three-month view - Rabobank

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