| Thomas Jordan: “It’s much too early” to start raising interest rates Swiss National Bank Chairman Thomas Jordan spoke to CNNMoney Switzerland at the Swiss Economic Forum in Interlaken, saying “it’s much too early” for the central bank to start raising interest rates. “The situation is still quite fragile, also regarding the exchange rate,” remarked Jordan. This is the reason the SNB is continuing its monetary policy, which Jordan characterized as “negative interest rates, but also the willingness and the readiness to intervene on foreign exchange if necessary.” Subscribe to our YouTube channel: https://www.youtube.com/c/CNNMoneySwitzerlandTV |
Thomas J. Jordan (born 1963) is a Swiss economist and banking supervisor. He is the chairman of the governing board of the Swiss National Bank, a member of the board of directors of the Bank for International Settlements, and a member of the steering committee of the Financial Stability Board.
For The Guardian and many FX traders, Thomas Jordan is ‘the most hated man in foreign exchange’
Tags:
