June 22, 2017 / 5:34 PM / 5 months ago

SNB to keep expansionary monetary policy

ZURICH (Reuters) - The Swiss National Bank (SNB) will keep its ultra-loose monetary policy in the near term, Board Member Andrea Maechler said on Thursday.

Swiss National Bank (SNB) Governing Board member Andrea Maechler addresses a news conference in Bern, Switzerland, June 15, 2017. REUTERS/Denis Balibouse

”We still need an expansionary monetary policy and this for the forseeable future“,” Maechler told an audience at an event organized by the Swiss Finance Institute.

The SNB said last week it was keeping its monetary policy unchanged and Chairman Thomas Jordan said on Tuesday that when the exit eventually came, it could be a bumpy road.

Reporting by Angelika Gruber; Writing by Silke Koltrowitz; Editing by Andrew Heavens

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