SNB’s Jordan: Negative rates will remain an important instrument, to be used if needed
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Following the Swiss National Bank’s (SNB) decision to hike its policy rate by 75 bps on Thursday, Chairman Thomas Jordan noted that “negative rates will remain an important instrument, to be used if needed.”
USD/CHF has paused its upsurge, consolidating at around 0.9772, as investors digest comments from the SNB Chief. The pair is gaining 1.16% on the day.
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