Comments by SNB head Thomas Jordan
- Expects slower growth in 2H 2018
- Doesn't see any danger of the economy overheating
Jordan stating that the stronger Swiss franc is the main reason the central bank is retaining expansive monetary policy. The SNB is not deviating from the script still and with the lower inflation forecasts earlier, means that they will only move in the latter parts of 2019 to normalise policy - or in other words after the ECB does so.
