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SNB still has ample room to expand balance sheet, Jordan says
2017年5月31日 / 晚上6点09分 / 6 个月前

SNB still has ample room to expand balance sheet, Jordan says

ZUG, Switzerland, May 31 (Reuters) - A strong Swiss franc continues to put pressure on Switzerland’s monetary policy, Swiss National Bank (SNB) Chairman Thomas Jordan said on Wednesday.

Negative interest rates and foreign currency interventions remain the central bank’s two-pillared approach to counteract upward pressure on the Swiss franc, which remains “significantly overvalued”, Jordan said in a presentation at the Institut fuer Finanzdienstleistungen in Zug, Switzerland.

The SNB has room to further expand its balance sheet very far, Jordan added, so long as doing so proves beneficial to the Swiss economy. (Reporting by Brenna Hughes Neghaiwi)

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