December 15, 2016 / 10:19 AM / 8 months ago

SNB says cannot rule out another rate cut

BERN, Dec 15 (Reuters) - It may become necessary to further lower rates in Switzerland from their current record-low levels, Swiss National Bank (SNB) Chairman Thomas Jordan said on Thursday.

"We cannot rule out that a further step lower will become necessary," Jordan told a media conference following the SNB's decision to keep a negative interest rate of -0.75 percent.

He said the SNB's readiness to intervene in forex markets to keep a lid on the franc remained unchanged, even though the U.S. Federal Reserve's decision to raise interest rates was sending a positive signal. (Reporting by Zurich Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below