BIS’s Hannoun backs central banks' right to surprise markets


The Swiss National Bank (SNB) was right to jolt markets out of their addiction to central bank support when it abandoned the Swiss franc ceiling, according to Hervé Hannoun, the Bank for International Settlements' outgoing deputy general manager.

"Behind the enthusiasm of market participants for extreme monetary policy, of course, lurks the fear that asset prices might collapse when the music of monetary easing stops," Hannoun told an audience at the Eurofi High-Level Seminar in Riga last week.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: