SNB's Jordan says could change exemption level on negative rates -BBG

February 27, 2016 8:13 PM

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ZURICH Feb 27 The Swiss National Bank (SNB) could change the level at which deposits with the central bank are exempt from negative interest rates, Chairman Thomas Jordan told Bloomberg on Saturday.

The SNB hopes its policy of negative interest rates and currency market purchases will weaken the Swiss franc, which it has repeatedly described as significantly overvalued.

Also read: ECB’s Mario Draghi Hints at Extension of Bond Purchases

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