SNB's Jordan hints at further rate hikes ahead

Thomas S Jordan, alternate member of the Swiss National Bank's governing board, suggested Tuesday 27 February in a speech that the SNB will again raise interest rates at its meeting this spring.

It is 'obvious that the economy is very strong at present and that the current normalisation of interest rates is necessary to guarantee price stability in the long term,' Jordan said in a speech to a meeting of alumni of former economics students at the University of Bern.

A 'reasonable' normalisation