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- SNB Chairman Jordan: Negative rates, readiness to intervene in FX market remains necessary and appropriate
SNB Chairman Jordan: Negative rates, readiness to intervene in FX market remains necessary and appropriate
Rates will eventually turn positive again, but can't say when
Future rate increase depends on inflation, FX developments.
Economy will be hurt if rates are increased now
For now, negative rates remain necessary and appropriate
SNB remains ready to intervene in FX market as and when needed
Abandoning negative rates now would hardly improve the situation for savers, pension funds, life insurers and banks.
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