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10 Central Banks – Where they stand towards normalizing policy

10 Central Banks – Where they stand towards normalizing policy
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SNB's Jordan: Strong appreciation pressure on franc during times of uncertainty

Dec 17, 2020 10:17 GMTFXStreet News
Following the Swiss Nation Bank (SNB)
monetary policy announcement, Chairman Jordan said that there is strong appreciation pressure on the franc during times of uncertainty while speaking at the post-policy press conference.
The SNB board member Andrea Maechler also commented on the exchange rate value, citing that it remains highly valued.
Further comments
“A stronger appreciation would have placed an additional burden on the economy.”
“Trade-weighted franc is 1.5% stronger than in June.”
Related reads
SNB leaves key rate unchanged at -0.75%
USD/CHF hangs near multi-year lows, moves little post-SNBGet the 5 most predictable currency pairs ....

Andrea Maechler , Swiss Nation Bank , Chairman Jordan , சுவிஸ் தேசம் வங்கி , தலைவர் ஜோர்டான் ,

SNB's Jordan: Expansionary policy is the only way to maintain price stability

12/17/2020 9:59:00 AM GMT
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By Haresh Menghani
The Swiss Nation Bank (SNB) Chairman, Thomas Jordan added to his earlier comments and clarified that the US report has no impact on our monetary policy. SNB nor Switzerland is a currency manipulator. We are in constructive dialogue with our friends in the US on currency manipulation matter. Expansionary policy is the only way to maintain price stability, Jordan added further.
Meanwhile, the bearish pressure surrounding the USD/CHF pair remained unabated, with bears pushing it to fresh multi-year lows and might now be eyeing to challenge the 0.8800 mark.
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Thomas Jordan , Swiss Nation Bank , தாமஸ் ஜோர்டான் , சுவிஸ் தேசம் வங்கி ,