Reported 8 months ago
Switzerland's Swiss National Bank President Thomas Jordan stated that the country's monetary-policy stance is balanced and not aimed at stimulating the economy. He mentioned that the inflation forecast is slightly decreasing, and the current growth rate is at 1%, expected to improve to 1.5% next year. The SNB recently lowered borrowing costs in a surprising move, partially due to the strong franc, influenced by political events in Europe. Jordan expressed readiness to intervene in currency exchange rates if necessary.
Source: YAHOO