SNB’s Jordan extols virtues of central bank co-operation

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Thomas Jordan, chairman of the Governing Board of the Swiss National Bank, on May 14 delivered a speech titled: Monetary policy in times of crisis. Why central banks talk to one another.

Speaking in Zurich, Jordan stressed how differing central bank mandates and economic structures and business cycles supported "an autonomous monetary policy for each currency area".

"Nevertheless, central banks do work with one another in a number of different ways," he added. "They exchange knowledge on a

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