The president of the Swiss National Bank (SNB), Thomas Jordan, reiterated on Friday that negative interest rates in the current situation, as well as the willingness to intervene in currency markets, remain essential, as reported by Reuters.
Additional comments:
“Monetary policy is of interest to the whole country and not to particular sections, current policy is necessary“.
“The Swiss franc has weakened but is still highly valued“.
“The cryptocurrencies are not liquid enough for the central bank to have them as one of its investment assets. “
“There is no advantage of establishing a sovereign fund with your assets.”
“A sovereign wealth fund would lead to a conflict of interest with monetary policy“.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
