Thomas Jordan - Swiss National Bank

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Last quote by Thomas Jordan

We are convinced we have all the instruments we need to implement our monetary policy. We don't need the sovereign money initiative. What we have functions quite well. We don't want to experiment where we don't know what the final outcome would be.feedback
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Apr 28 2017
Thomas Jordan has been quoted 20 times in 12 different articles. On this page, you will find all of Thomas Jordan’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Thomas Jordan speaks about are Europe and China, for example. Most recently, Thomas Jordan was quoted in the article Rates to stay low in Europe for some time - SNB's Jordan saying, “Here interest rates will remain low for some time, and that is what is relevant for us. Therefore we will continue to focus on negative interest rates in Switzerland.”.
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Thomas Jordan quotes

We must wait and see until this international situation improves.feedback

We're convinced that given the difficult situation with an overvalued Swiss franc, a negative output gap, and negative inflation, the current approach is the right one - expansion in monetary policy with negative rates and willingness to intervene.feedback

This is easier said than done. These structural reforms are difficult to pass through parliaments…there is a certain risk that this will be postponed.feedback

Our monetary policy that is very expansive is aiming to push it back into positive territory in the medium term.feedback

The overvaluation is less important than it was a year ago.feedback

We have gone relatively far with the negative interest rates. At present we are monitoring the situation closely. We do not rule out anything.feedback

The situation still presents considerable risks. It is possible that structural adjustment in China will continue to weigh on industrial activity and investments globally. Furthermore, the structural weakness in Europe continues.feedback

Negative interest rates have allowed us to re-establish the traditional gap between Swiss rates and interest rates abroad. The negative interest rates and our readiness to intervene in the foreign exchange market aims to reduce the pressure on the franc. Our monetary policy thus contributes to stablising prices and supporting economic growth.feedback

We are aware that many companies are still facing very tough market conditions. export volumes and prices in recent months showed many companies were lowering prices to cope with the strong currency.feedback

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