SNB's Jordan: exit from zero-rate policy tricky

Pinpointing the optimal date for exiting from the current zero interest-rate policy of the Swiss National Bank will be critical, said Thomas Jordan, a member of the institution's Governing Board.

Jordan said that although the reduction in liquidity could be carried out swiftly and easily in technical terms, the practical details were extremely challenging. He said that correct assessments by decision-makers were very important in view of the particularly high level of model uncertainty at

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