SNB’s Jordan: Economic uncertainties have increased in recent months

SNB’s Jordan: Economic uncertainties have increased in recent months

Comments from the SNB leader

  • Brexit is a risk for Europe, the final outcome can have an effect on exchange rate

  • Negative interest rates make life difficult for the pension funds and affects the property market

  • If we increased rates, economy would be affected and that also would have a negative effect on pensions

  • There is no risk in the near future of Swiss inflation rising

Jordan is doing a lot of stating the obvious here.
              

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