Swiss parliament panel grills SNB's Jordan on negative rates impact

August 25, 2015 2:51 PM

48 0

ZURICH Aug 25 A parliamentary panel questioned Swiss National Bank Chairman Thomas Jordan about the potential impact of the central bank's ultra-loose monetary policy to combat the strong franc, the upper house's finance committee said after a hearing on Tuesday.

"Several committee members expressed concern about the long-term effects that this policy could have on the Swiss economy," a summary said. It said the discussion centred on the franc's strength and "various countermeasures by the central bank, in particular the negative rate policy".

Also read: Hackers stole $6 million from Russian bank via SWIFT system: central bank

Read more

To category page