Monetary tools limited - SNB's Jordan

There is no magic bullet with which central banks can restore lost confidence among market participants, said Thomas Jordan, a member of the governing board of the Swiss National Bank.

The current crisis showed the limits of monetary policy as it cannot resolve the fundamental problems of the banking sector. Banks and other financial market participants must also try to help restore confidence and the proper functioning of markets, stressed Jordan.

To read the summary of the speech, click here


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