SNB's Jordan: no need for policy move just yet

Thomas Jordan, a member of the Governing Board of the Swiss National Bank, gave an overview of the international market situation, warning that in spite of recent brightening, considerable uncertainties still prevailed and the danger of setbacks should not be underestimated.

Despite better economic data for Switzerland, he noted that industrial investment will probably continue to fall and that the outlook for employment is gloomy. The danger of deflation did not seem to have been completely

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