-
Comments on Swiss monetary policy - Jordan
The environment in which Swiss monetary policy operates remains very challenging. With interest rates close to zero and a Swiss franc which is still high, the minimum exchange rate continues to be the SNB's most important monetary policy instrument for ensuring appropriate monetary conditions. An appreciation of the Swiss franc would entail a threat of deflation. For 2014, the SNB is forecasting that the Swiss economy will grow at around 2%, driven by domestic demand and, increasingly, also by foreign demand. Given this situation, it can be expected that investment will gather momentum. Unemployment is likely to ... (full story)