Danthine speaks today in a hour as well as CPI results.
SNB’s Danthine: Switzerland facing rising risk of default, correction
SNB’s Danthine: Switzerland facing rising risk of default, correction
- Rising rates, lower growth could raise default risk
- SNB will monitor situation for need of buffer
- Buffer would only target mortgage, property markets
- Countercyclical capital buffer ‘important step’
- Gradual buildup of imbalances on property market
- Some signs of slowing momentum on mortgage market
- Sees buildup of stability risk
- Buffer would be used in ‘balanced, flexible way’
- No room for complacency over recovery
- More Danthine: Swiss franc is still
SWISS, WORLD MUST ACT TO AVOID NEW CRISIS!!!!
Swiss CPI flat m/m, -0.5% y/y
More Danthine: Swiss franc is still overvalued
- Interest rate policy not available at present
Whatever that means ? does he mean negative rates are not available at present?