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SNB's Maechler says not ready to normalise monetary policy
November 16, 2017 / 7:14 PM / a month ago

SNB's Maechler says not ready to normalise monetary policy

GENEVA, Nov 16 (Reuters) - Swiss National Bank (SNB) Governor Andrea Maechler signalled on Thursday that it remained committed to its ultra-loose monetary policy, noting that inflation was “very low”.

“We at the SNB are not ready to normalise our monetary policy,” Maechler said in response to questions after a speech. The central bank’s benchmark interest rate is minus 0.75 percent.

Reporting by Stephanie Nebehay; Writing by Tom Sims; editing by John Stonestreet

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