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

August 25, 2015 2:51 PM

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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".

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