
Swiss central bank board member explains unique situation

Jean-Pierre Danthine, a member of the governing board of the Swiss National Bank (SNB), delivered a speech today (May 31) in which he discussed the central bank's unique monetary policy situation.
Speaking at the 14th Journée Solutions Bancaires in Geneva, Danthine explained that in contrast to many countries, Switzerland still has the "leeway to undertake fiscal manoeuvres", reducing the pressure on the central bank to take measures such as quantitative easing.
However, "increased uncertainty
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