Jordan: SNB does not expect ‘sustained’ price drop
The Swiss National Bank (SNB) does not expect a "sustained" drop in prices, and maintains prices will begin increasing in 2017, chairman of the governing board, Thomas Jordan, said today (June 18).
Jordan was speaking after the SNB kept its policy stance unchanged: holding its target range for the three-month Libor at -1.25% to -0.25%, and its interest on sight deposits at -0.75%.
According to its latest forecasts, inflation will end 2015 at -1.0% and 2016 at -0.4%, before moving "back into
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Initiative of the year: the Netherlands Bank’s ChatDNB
- Central Banking Awards 2024: fourth round announced
- Central bank of the year: Central Bank of Brazil